Listed by SVN | Southgate Realty, LLC
$1,080,000
Heathwood Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,496
Units 16
Cap Rate 7.32%
Occupancy 100%
Price per SqFt $65
Year Built 1978
Lot Size (SqFt) 18,409
Zoning R-3
Multifamily | 7.32% CAP | 16 Units
Marketing description
Introducing a prime investment opportunity at 2008 Oak Grove Rd, Hattiesburg, MS. This 16,496 SF property, boasting 16 units, offers a lucrative asset for the savvy Multifamily / High-Rise investor. Built in 1978 and zoned R-3, this well-maintained gem enjoys an impressive 100% lease rate, ensuring immediate returns. Located in the sought-after Oak Grove area, this property presents an attractive prospect for those seeking a solid investment in the thriving real estate market. Don't miss out on this rare chance to acquire a lucrative property with exceptional growth potential.
Investment highlights
- 16,496 SF building
- 16 units
- Lamar County School District
- Built in 1978
- Zoned R-3
- Prime location in Hattiesburg
- 100% occupancy rate
Listing Contacts
Listed by SVN | Southgate Realty, LLC
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