Acquire Hazlehurst Villas, a 36-unit multifamily community at 285 Nelson Drive in Hazlehurst, Mississippi, offered 100% vacant and ready for a full-scale repositioning. The property consists of four garden-style apartment buildings featuring brick lower facades, mansard-inspired rooflines, recessed central stairwells, and ample surface parking. With all units vacant, investors can immediately implement a renovation plan without navigating existing leases, tenant relocations, or phased construction schedules.
The unit mix includes 8 one-bedroom units, 24 two-bedroom units, and 4 three-bedroom units, providing exposure to a range of renter demographics. Current ownership estimates stabilized market rents of approximately $750 per month for one-bedroom units, $900 per month for two-bedroom units, and $1,100 per month for three-bedroom units following renovation, creating a clear framework for evaluating renovation costs against potential income.
Located approximately 30 miles south of Jackson along Interstate 55, Hazlehurst benefits from regional connectivity while maintaining a lower-cost residential environment than larger metropolitan areas. The city's position along a major transportation corridor supports access to employment centers, healthcare services, education, manufacturing, and distribution employers throughout Central Mississippi.
For investors focused on distressed and value-add acquisitions, the offering provides a blank slate. The property's vacancy eliminates lease-up disruption during construction, enabling improvements to be completed efficiently and consistently throughout the community. Renovating all 36 units simultaneously may shorten the path to stabilization while providing flexibility to modernize unit interiors, building systems, exterior appearance, and common areas in line with the investor's business plan.
Note: Cash offers only. Seller is seeking a quick sale. Interested buyers may contact the seller directly at (813) 545-4348.