133 Unit Apartment Complex

Multi-Family for Sale
Catylist Listing ID: 30499099
Property Subtypes: Low-Rise/Garden
Number of Units: 133 Units
Building Size (RSF): 102,087 SF
Gross Building Area: See Agent
Gross Land Area: 8.54 Acres
Sale Price: $10,043,416
Unit Price: $75,514.41 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Average Occupancy Rate: 95
Last Updated: 9/12/2019

Overview / Comments

The subject property consists of a 133- unit apartment complex located in Hattiesburg, MS that has been renovated in 2019. The complex consists of 15 eight-plex apartment buildings, 3 four-plex apartment buildings, and one three bedroom residence.

The property contains a office/laundry facility, grilling area, fitness room, on-site service officer, tennis courts, pet area and ample parking. The property is 8.54 acres and is adjacent to I-59 and 1.8 miles from The University of Southern Mississippi.

Many capital upgrades have been done on this property including new HVAC's, newly paved parking lot, repaired security gate, new community center (fitness center, business center, meeting room with small kitchen, grilling area), new laundry room and equipment, all new interiors ( flooring, walls where needed, appliances, painting, cabinets, bathroom sinks and tubs, etc) many new balconies, landscaping, and new LED outdoor lighting. Roofs were repaired as needed during renovations and new copper wiring that replaced all existing aluminum wiring.

*Listing agent is a part owner and is also a licensed real estate agent in the state of Mississippi.*

Additional Details

Nearest MSA: Hattiesburg
County: Lamar
Tax ID/APN: 051R-12-075.000
Community Amenities: Community Building, Exercise Room, Business Center, Tennis Courts
Property Condition: Excellent
Year Renovated: 2019
Laundry: Shared

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,092 38,635 73,726
Median Age: 30.67 30.02 31.43
Households: 4,682 16,347 29,185

Contact

Photograph of Listing Agent

Tim Herrington

Herrington Realty, Inc. Gulf Coast CMLS Member
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