119 N 35th Ave
- - 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
Property 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,550,000 |
| No. of Units: | 44 |
| Average Occupancy: | 8.34 |
| Year Built: | 1968 |
| Lot Size: | 1.65 Acres |
| Opportunity Zone: | No |
| Price per unit: | $80,682 |
| Property Website | Click Here |
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout