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:
Mar 26, 2025

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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 100% occupancy
  • - Zoned R-3 and located in an Opportunity Zone
  • - 30 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

Unlock the potential of this remarkable investment in an OPPORTUNITY ZONE, perfectly positioned in the thriving Mid-Town Area! With 44 units – 30 of which have been beautifully renovated and achieve 100% occupancy, this property is primed for growth. Benefit from below-market rents, freshly repaved and striped parking (2024), and new onsite laundry facilities featuring 3 washers and 3 dryers. Plus, we've enhanced energy efficiency with solar window screens installed on each unit. All of this, surrounded by the vibrant community of the University of Southern Mississippi, makes this an investment you won't want to miss.

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.
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