Campus Cottages

119 N 35th Ave Hattiesburg, MS 39401

119 N 35th Ave, Hattiesburg, MS, 39401
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$3,700,000
Last Verified:
Nov 08, 2024

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Highlights

  • - Located in an OPPORTUNITY ZONE
  • - Value Add with rents below market
  • - 30,679 SF building with 44 units
  • - Renovated in 2024, with 97.8% occupancy
  • - Zoned R-3 and located in an Opportunity Zone
  • - 20 units recently renovated
  • - Onsite laundry with 3 washers and 3 dryers
  • - Repaved and striped parking in 2024
  • - Solar window screens for energy efficiency
  • - Proximity to I-59 (Exit 65A) and US-49
  • - Surrounded by University of Southern Mississippi

Description

Introducing an outstanding investment opportunity in Hattiesburg, MS. This impressive property boasts 44 units spanning approximately 30,679 SF , with 97.8% occupancy and recent renovations in 2024, making it an attractive option for multifamily/low-rise/garden investors. Enjoy the benefits of its R-3 zoning and inclusion in an Opportunity Zone, as well as the added value of on-site laundry facilities, renovated units, and newly repaved and striped parking. With solar window screens for energy efficiency and prime accessibility to national retailers, dining options, and major highways, this property offers a compelling package for astute investors seeking a strong foothold in the thriving Hattiesburg market.

Discover the vibrant market of Hattiesburg, MS, surrounding Campus Cottages. Located in close proximity to the University of Southern Mississippi, this area offers a robust rental market for multifamily and low-rise/garden investors. With a bustling student population, the property benefits from a lively atmosphere and a steady stream of potential tenants. Nearby, residents can explore the historic downtown area, enjoy the diverse local dining scene, and take advantage of the city's rich cultural offerings. Investors will appreciate the area's potential for strong rental demand and the opportunity to tap into Hattiesburg's dynamic real estate market.


Year Built: 1968
Building Size: 30679sq ft
Lot Size: 1.65 acres


Documents

Sale Brochure_119 N 35th St-Hattiesburg_MS
Offering Memorandum_119 N 35th St- Hattiesburg_MS

Map of 119 N 35th Ave, Hattiesburg, MS, 39401

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.