Subscribe to Intelligence
View property history data!
Access historical property and tax details including tax amounts, land value, and more to inform your next opportunity.
Campus Cottages
VALUE ADD with rents below market! | Apartments next to USM | 6.14% CAP
Listing Contacts
License: AL 000084543
Active
Asking Price: $3,700,000
Address
119 N 35th Ave, Hattiesburg, MS 39401
Show on MapDate Added
Aug 29, 2024
Days on Market
198 days
Time Since Last Update
3 days
Details
Property TypeMultifamily
SubtypeApartment Building, Student Housing
Investment TypeValue Add
ClassB
Cap Rate6.14%
NOI$219,274
Units44
Year Built1968
Year Renovated2024
ZoningR-3
Lot Size (acres)1.65
APN2-028L-07-190.00
Sale ConditionFor sale by owner
Marketing Description
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 block 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
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$219,274.00
$18,272.83/mo
Valuation Metrics
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
0
DSCR
5.93%
Cap Rate
5.93%
ROI
Property History
| Date | Event | Document | Price | Price/SF | Sold By | Sold To | ||
|---|---|---|---|---|---|---|---|---|
 | | | | | ||||
| | | | | ||||
| | | | | ||||
| | | | | ||||
| | | | | ||||
Due Diligence
Listing Contacts
- License: AL 000084543
Similar Properties for Sale
$150,000
655 W 4th St
Multifamily • 2 Units
655 W 4th St Hattiesburg, MS 39401
$425,000
1002 W Pine St
Retail • 3,796 SF
1002 W Pine St Hattiesburg, MS 39401
$2,100,000
6633 Highway 98 West
Prime retail property on PM side of Hattiesburg!
6633 Highway 98 West Hattiesburg, MS 39402
$2,416,645
75 acres for Development in Petal
Retail
1 Tee Time Dr Petal, MS 39465
$15,000
Lot 337 Wolf River Ranch on Springfield Dr
Land • 10,890 SF
Lot 337 Wolf River Ranch on Springfield Dr Lumberton, MS 39455
virtual tour
Opportunity ZoneUnpriced
1024 N 1st Ave
Multifamily • 8 Units
1024 N 1st Ave Laurel, MS 39440
Woodland Realty
$112,200
01 Skyline Dr
Land • 7.48 acres
01 Skyline Dr Poplarville, MS 39470
$219,000
54.11 Ac Nelson Road
Land • 54.11 acres
54.11 Ac Nelson Road Poplarville, MS 39470
$154,900
46.27 AC Nelson Road
Land • 46.27 acres
NHN Nelson Road Poplarville, MS 39470
$89,900
0 W North St
Land • 1.16 acres
0 W North St Poplarville, MS 39470
$349,700
0 John Amacker Rd
Land • 34.97 acres
0 John Amacker Rd Poplarville, MS 39470
See more properties for sale in Hattiesburg
Broker Information
Is there information that looks off? Report
For assistance, reach out to our support team at [email protected] or call 888.273.0423 .