119 35Th Ave, Hattiesburg, MS 39401
44 Unit Apartment Building | $3,700,000 ($84,091/Unit) | 5.93% Cap Rate | Hattiesburg, MS 39401
For Sale
Active
Asking Price $3,700,000
- Property Type
-
Multifamily
- Square Feet
- 29,353 SF
Listing Contacts
Gene Cody, CCIM
Property 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)
•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)
Property Details
- Class
- B
- Year Built/Renovated
- 1968/2024
- Stories
- 2
- Lot Size (sq. ft)
- 71,874 SF
- Units
- 44
Highlights
- VALUE ADD with rents below market
- Located in an OPPORTUNITY ZONE
- 44 units- (20 units have been recently renovated)
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