119 N 35th Ave - Apartments FOR SALE


Hattiesburg, MS 39401
$3,700,000 USD
334-386-2441
119 N 35th Ave, Hattiesburg, MS for Sale
$3,700,000 USD
Apartments - FOR SALE
1/21
null | 6.14% Cap Rate

119 N 35th Ave
Hattiesburg, MS 39401


HIGHLIGHTS

  • VALUE ADD with rents below market
  • Located in an OPPORTUNITY ZONE
  • 44 units- (30 units have been recently renovated)- 100% Occupncy!

OVERVIEW

•Located in an OPPORTUNITY ZONE- situated in the middle of the fast-growing Mid-Town Area •Value add with rents below market •44 Units (30 Units have been recently renovated)- 100% occupancy •All parking has been repaved and striped (2024) •Onsite laundry has recently been added (3 washer & 3 dryers) •Solar window screens have been installed on the front of each unit for increased efficiency •Surrounded on 3 sides by the University of Southern Mississippi: With ± 14,606 Students Enrolled and a staff of just under 900 •Property is just 3 blocks from the heart of the University campus- because of its close proximity, campus police patrol this area and it is a stop on the University's shuttle route •Close proximity to Forrest General Hospital: A 547-bed, Level II Regional Trauma Center and hospital system. Employing just under 4,000 Employees and yielding a total economic benefit of over $316 Million (2023) •Easy accessibility to a variety of National restaurants, retailers and hotels which include: Starbucks, CVS, Winn Dixie, Big Lots, Home Depot, Longhorn Steak House, Crumbl Cookies & many more • ± 0.5 miles from I-59 (Exit 65A)

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$126 USD /SF

# OF UNITS

44

PRICE/UNIT

$84,091

CAP RATE

6.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Campus Cottages

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

72,018 SF

ZONING

R-3

APN/PARCEL ID

2-028L-07-190.00

ASK ABOUT THIS PROPERTY

Gene Cody, CCIM, SIORMoore Company Realty, Inc.More Info
334-386-2441

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Gene Cody, CCIM, SIORMoore Company Realty, Inc.More Info
334-386-2441

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.