23027 Indian Ridge Rd
Description
Investment Opportunity - 10-Unit Multi-Family Property on 2 Acres
Rare opportunity to own a well-maintained, income-producing 10-unit multi-family property situated on a spacious 2-acre parcel. This turnkey investment is 100% occupied and boasts strong, consistent cash flow with a reliable management team already in place. Each building on the property has seen significant capital improvements, including new roofs installed within the last five years and individual septic systems for each...OWNER/AGENT
Investment Opportunity - 10-Unit Multi-Family Property on 2 Acres
Rare opportunity to own a well-maintained, income-producing 10-unit multi-family property situated on a spacious 2-acre parcel. This turnkey investment is 100% occupied and boasts strong, consistent cash flow with a reliable management team already in place. Each building on the property has seen significant capital improvements, including new roofs installed within the last five years and individual septic systems for each building replaced in 2022.
- Listed by Nick Ray • Brokerage DRE #14912 • RE/MAX Results In Real Estate, Inc.P: (228)-547-0087 C: (228)-547-0087 blackdiamondholdingsgpt@gmail.com
Property Details for 23027 Indian Ridge Road
Property Details for 23027 Indian Ridge Road
| Status | Active |
|---|---|
| MLS # | 4125178 |
| Days on Market | 104 |
| Taxes | $6,117 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 2006 |
| Lot Size | 2.02 AC / 87,991 SF |
| County | Hancock County |
Location
Building Information for 23027 Indian Ridge Road
Payment Calculator
$3,475 per month
30 year fixed, 6.28% Interest
$2,965
$510
$0
Property Information for 23027 Indian Ridge Road
- Fencing: None
- Subdivision Name: Metes And Bounds
- Latitude: 30.50
- Longitude: -89.57
- Association Fee: $0
- Tax Legal Description: PT SE1/4-SW1/4 SEC 23-6-16
- Tax Year: 2025
- Tax Annual Amount: $6,117.16
- Tax and Financial Information:Tax Annual Amount: $6,117.16
- Tax and Financial Information:Tax Year: 2,025.00
- Tax and Financial Information:Homestead Y/N: No
- Tax and Financial Information:Additional Exemptions Y/N: No
- Tax and Financial Information:Flood Insurance Required?: No
- Tax and Financial Information:Leasehold Y/N: No
- Tax and Financial Information:Sold In Previous 12 Months: No
- Tax and Financial Information:Association: No
- Tax and Financial Information:Covenants Y/N: No
- Tax and Financial Information:Legal Description: PT SE1/4-SW1/4 SEC 23-6-16
- Parking Spaces:2 Space Unit: Yes
- Parking Features: Shared Driveway, Unpaved, Gravel
- Carport Spaces: .00
- Garage Spaces: .00
- Attached Garage: No
- Parking Features:Shared Driveway: Yes
- Parking Features:Unpaved: Yes
- District High School: Hancock CO Dist
- Virtual Tour URL Unbranded: https://www.propertypanorama.com/23027-Indian-Ridge-Road-Picayune-MS-39466/unbranded
- Other Structures: Shed(s)
- Lot Size Acres: 2.02
- Year Built Source: Public Records
- Structure Type: Duplex
- Living Area Source: Public Records
- Building Area Total: 9733.0
- Lot Size Area: 2.02
- Lot Size Units: Acres
- Lot Size Square Feet: 87991.2
- Waterfront Features:Waterfront: No
- New Construction: No
- Disclosures: Agent Owned
- Floor Plans Count: 0
- Property Type: Res Income Multi-Fam
- Year Built: 2006
- General Property Information:New Construction: No
- General Property Information:# of Units Included in Sale: 10.00
- General Property Information:Approx Lot Size Acres: 2.02
- General Property Information:SqFt Source: Public Records
- General Property Information:Year Built Source: Public Records
- General Property Information:Garage Spaces: .00
- General Property Information:Carport Spaces: .00
- General Property Information:Total Floors: 2.00
- General Property Information:Bathrooms Half: 2.00
- General Property Information:Bathrooms Three Quarter: .00
- General Property Information:Furnished: No
- General Property Information:Pool: No
- General Property Information:School District: Hancock CO Dist
- General Property Information:Accessibility Features: No
- Electric: True
- Utilities: Cable Available, Electricity Connected, Water Connected
- Roof: Asphalt
- Pool Private: No
- Construction Materials: Brick Veneer, Siding
- Foundation Details: Slab
- Exterior Features: See Remarks
- Patio And Porch Features: Porch
- Barn Features:Barn: No
- Horse Amenities:Horse Amenities: No
- Basement: No
- Cooling: Central Air
- Heating: Electric
- Levels: Two
- Sewer: Septic Tank, See Remarks
- Water Source: Public
- Bathrooms Total Integer: 7
- Bathrooms Total Decimal: 6.00
- Bathrooms Total Notational: 5.20
- Bedrooms Total: 10
- Bathrooms Full: 5
- Bathrooms Half: 2
- Attic Features:Attic: Yes
- Basement Features:Basement: No
- Number Of Units Total: 10
- Unit 1 Bedrooms: 2
- Unit 1 Full Baths: 1
- Unit 1 Half Baths: 1
- Unit 1 Rent: $725
- Unit 1 Leased: Yes
- Unit 1 Occupied: Yes
- Unit 2 Bedrooms: 2
- Unit 2 Full Baths: 1
- Unit 2 Half Baths: 1
- Unit 2 Rent: $725
- Unit 2 Furnished: No
- Unit 2 Leased: Yes
- Unit 2 Occupied: Yes
- Unit 2 Description: Townhome
- Unit 3 Bedrooms: 2
- Unit 3 Full Baths: 1
- Unit 3 Half Baths: 1
- Unit 3 Rent: $900
- Unit 3 Furnished: No
- Unit 3 Leased: Yes
- Unit 3 Description: Townhouse
- Unit 4 Bedrooms: 2
- Unit 4 Full Baths: 1
- Unit 4 Half Baths: 1
- Unit 4 Rent: $900
- Unit 4 Furnished: No
- Unit 4 Leased: Yes
- Unit 4 Description: Townhouse
- Unit 5 Bedrooms: 2
- Unit 5 Full Baths: 1
- Unit 5 Rent: $850
- Unit 5 Furnished: No
- Unit 5 Leased: Yes
- Unit 5 Description: Duplex
- Unit 6 Bedrooms: 2
- Unit 6 Full Baths: 1
- Unit 6 Rent: $650
- Unit 6 Furnished: No
- Unit 6 Leased: Yes
- Unit 6 Occupied: Yes
- Unit 6 Description: Duplex
- Unit 7 Bedrooms: 2
- Unit 7 Full Baths: 1
- Unit 7 Rent: $850
- Unit 7 Furnished: No
- Unit 7 Leased: Yes
- Unit 7 Occupied: Yes
- Unit 7 Description: Duplex
- Unit 8 Bedrooms: 2
- Unit 8 Full Baths: 1
- Unit 8 Rent: $625
- Unit 8 Furnished: No
- Unit 8 Leased: Yes
- Unit 8 Occupied: Yes
- Unit 8 Description: Duplex
- Owner Pays: Electricity, Grounds Care, Taxes, Trash Collection, Water, See Remarks
- Owner-Tenant Information: Owner
- Tenant Pays: Cable TV, Electricity
Property History for 23027 Indian Ridge Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Sep 10, 2025 | Listed (Active) GCAOR MLS #4125178 | $600,000 | — |
| Jan 10, 2020 | Sold GCAOR MLS #3352859 | — | |
| Jan 2, 2020 | Contract Signed GCAOR MLS #3352859 | — | |
| Sep 2, 2019 | Listed (Active) GCAOR MLS #3352859 | $450,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 09/10/2025 | Listed (Active) GCAOR MLS #4125178 | $600,000 |
| 01/10/2020 | Sold GCAOR MLS #3352859 | — |
| 01/02/2020 | Contract Signed GCAOR MLS #3352859 | — |
| 09/02/2019 | Listed (Active) GCAOR MLS #3352859 | $450,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 23027 Indian Ridge Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | K to 6 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
West Hancock Elementary School PublicPK to 5 | ||
Nicholson Elementary School PublicK to 6 | ||
Hancock Middle School Public6 to 8 | ||
Hancock High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of RE/MAX Results In Real Estate, Inc.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS Logos. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ROAM MLS, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS.Listing information Copyright© 2025 MLS of ROAM, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Multiple Listing Service, Inc. All Rights Reserved.