Brittany Arms
Multifamily | 40 Units | Recently Renovated | Hattiesburg, MS
Marketing description
Colliers Multifamily proudly presents the exclusive listing of Brittany Arms Apartments—a 40-unit recently renovated asset nestled in the vibrant heart of Hattiesburg, Mississippi. Brittany Arms Apartments offers the multifamily investor an opportunity to acquire a well-located asset in a solid Mississippi multifamily market. Additionally, the property displays strong historical, recent, and current operations, which supports the quality of the asset and investment.
The property’s location boasts some of the best commercial and municipal attributes in the region. Though the asset is performing at a high level, Brittany Arms provides the new owner the opportunity to maximize returns and future value through a targeted value-add strategy.
Investment highlights
Current Occupancy: Brittany Arm’s current occupancy is 97.5%.
Significant Rent Delta: Brittany Arms has a meaningful rent delta to the market-leading competitors, to internal market rates, and to renovated units at the subject property.
Additional Profitability: Additional profitability is available through the recent renovation of more than half of the units and rent increases.
Asset Condition: Brittany Arms was constructed in 1971 and is in excellent physical condition lending itself to multiple renovation and repositioning programs.
Curb Appeal: Recent investment in exteriors and landscaping has created an inviting and attractive property.
Limited New Supply: High barrier to entry submarket with no additional planned supply and no new construction.
Listing Contacts
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