2503 W 7th St
Property Description
Exceptional Multifamily Investment Opportunity in Hattiesburg! Don't miss this outstanding opportunity to add a strong income-producing asset to your investment portfolio. Located at 2701 & 2703 W. 7th Street, Hattiesburg, MS 39401, this well-maintained apartment complex features 28 one-bedroom, one-bathroom units, each offering approximately 779 square feet of comfortable living space. The property boasts an impressive 89% occupancy rate and currently generates approximately $20,650 in monthly rental income, with rental rates ranging from $750 to $800 per month. Each unit is equipped with desirable amenities including a stove, microwave, dishwasher, washer and dryer, along with durable ceramic tile flooring, making these apartments attractive to long-term tenants. Ideally situated just minutes from The University of Southern Mississippi, US Highway 49, downtown Hattiesburg, and an abundance of popular shopping, dining, and entertainment, this location offers exceptional convenience and consistent rental demand. Whether you're expanding an existing portfolio or making your next commercial investment, this turnkey multifamily property presents an outstanding opportunity for immediate cash flow and long-term appreciation.
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,900,000 |
| No. of Units: | 28 |
| Year Built: | 2004 |
| Opportunity Zone: | No |
| Price per unit: | $67,857 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-HAARMS-148250
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
3962-3964 No Name Road
Big Pine Key, Florida
5635 MONTANA Avenue
NEW PORT RICHEY, Florida
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout