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- (20 units have been recently renovated)

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 (20 Units have been recently renovated) •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

-

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.