| TOP (410) :USA (90) : Mississippi (4)
Attention Boaters: Condos at Oak Glen Marina in Ocean Springs, Mississippi USA
| Property Group | Residential | | Property Type | Condominium | | Price | US$ 148,975
For Sale |
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| Location | Oak Glen Marina in Ocean Springs | | Nearest City | Biloxi | | Living area | 850.00 sq/ft | | Bedrooms | 2 | | Bathrooms | 1.5 | | Living Rooms | 1 | | Kitchens | 1 | | Terraces | 1 |
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| | For further details contact
The Gray Rider Real Estate Co.
John Wallace
143 Longview Drive
Chatham, 12037, NY
United States
Phone: +1-518-392-7062
Fax: +1-877-875-5704
http://www.worldrealtynews.com |
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| Gated Community | | Holiday Area | | Oceanfront | | Riverfront | | Oceanview | | Shopping nearby | | Tennis Courts | | Leisure Facilities | | Fitness Center | | Balcony | | BBQ | | Central Air Conditioning | | Cable/Satellite TV | | Microwave | | Washer/Dryer | | Dishwasher | | Spa/Jacuzzi | | Pool | | Double Glazing | | Tinted Glass | | Central Heating | |
Property Name: Oak Glen Marina Ocean Springs (Biloxi)
Special Circumstances: Located in the Gulf Opportunity Zone (GO-ZONE), on Old Fort Bayou at Mississippi Sound, minutes from the Gulf of Mexico
Location: Ocean Springs (Biloxi)
Address: 3230 Cumberland Road
City: Ocean Springs
State: Mississippi
Type: Two story garden apartments and townhouses
Stories: 2
Units: 205 total
Bath: 1.5
Bedrooms: 2 to 3
Unit Size: 850 ac/sq ft & 1195 ac/sq ft
Operating Condominium Date: 2005
PRICES START AT: $148,975.
INDIVIDUAL UNIT AMENITIES:
New Upgraded kitchen cabinets w/ new hardware
New granite counters
New appliances
New Washers and dryers
New Ceiling fans, track lighting,
New Roman tubs,
Patios available
New European floor tiles in kitchens and bathrooms
New carpeting
New Marble vanities in bathrooms
COMMUNITY RESORT AMENITIES:
Fully furnished clubhouse
State of the art fitness center
Tennis court
Sand volleyball court
Resort style swimming pool with recreation deck
Business center
Putting green
Fishing Pier
LOCATED IN THE GULF OPPORTUNITY ZONE (GO ZONE)
Due to the hurricanes Katrina and Wilma, the Gulf Coast had experienced a complete destruction with massive damage to life and properties. The real estate market got the biggest blow, as it was almost completely ruined. Restructuring efforts were then initiated, so that things could take shape from scratch. There were widespread re-building efforts by real estate developers. It was during this time that the U.S government created a number of tax incentives for investors. In order to help those people in distress, the Congress passed the Gulf Opportunity Act of 2005.
Also called the Go Zone act, this was meant for those people who were trying to reconstruct their lives, so that they could invest in property deals. This law applied to home owners across the regions of Mississippi, Alabama as well as Louisiana that were completely destroyed by the hurricanes and therefore, needed long-term plans to help rebuild them. With Go Zone investing , most developers as well as buyers are able to get greater amounts of incentives and numerous tax breaks that help them to profit from the property deals that they make.
One of the most advantageous clauses of the Go Zone Act is that it provides buyers with a bonus depreciation equal to fifty (50%) percent of the depreciable portion (excluding land and pre-Katrina improvements) of the property. With the help of Go Zone investing , buyers are able to create great deals along with developers who have been working towards recreating the region that had been completely damaged. Property wise, this act is lucrative for those who qualify for the act. One of the advantages that you are able to get from this act is getting a lower interest rate for the house or the apartment that you are about to buy in the region.
In order to cash in on the facilities that has been offered, a number of development projects are in the pipeline nowadays. Some projects are in the stage of re-construction. Buyers get to choose from a plethora of real-estate properties that include villas, real-estate apartments, town houses and housing estates. They can also opt for condo homesfor sale, condo apartments as well as condo lofts.
Most of these condo development projects are developed in the form of condo communities. These condo communities consist of several condo units that are created according to the requirements of the customers. With Go Zone investing , you can also make lucrative deals in commercial as well as housing estates that are coming up in the region.
As mentioned earlier, Go Zone investing enables you to take fifty percent depreciation incentive for your property in the first year itself. Investors are also able to finance their projects with the help of special tax-exempt bonds called the Go Zone bonds. With the help of these incentives, Go Zone investing actually offers buyers and developers numerous opportunities to make sure that they make the most of their property deals. Properties across the Gulf Coast region are, therefore, considered to be the best deals for investors that also help in escalating re-development efforts.
INVESTMENT NOTICE:
Investment goals and tax liabilities differ for everyone. Go Zone incentives and deductions may differ in terms of Go Zone qualifications. We make no representation as to an individual or properties eligibility to receive Go Zone Bonus Depreciation and/or incentives. You must consult a tax professional to ensure your eligibility for GO Zone bonus tax deductions or other incentives. |
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