901 West Pine Street
- Proven Track Record of Steady Rent Growth: In-place operations demonstrate strong leasing momentum, with recent lease trade-outs achieving an average revenue lift of +$60/month.
- Proven Renovation Strategy Implemented: Renovated units achieve clear, market-tested rent lifts over classic units, commanding premiums of $75 to $130.
- In-Place Stability & Historically High Occupancy: Currently 97.5% occupied with minimal vacancy, delivering immediate, predictable cash flow while 12 upcoming lease expirations through year-end 2026 offer immediate mark-to-market upside.
- Turnkey Asset with Minimal Capital Outlay: 82.5% of units are fully upgraded with wood laminate flooring, modern cabinetry, updated countertops, and refreshed fixtures. Major building systems—including pitched roofs (2022) and HVAC compressor units—have already been replaced.
- Ancillary Revenue Enforcement: Active management successfully enforces utility reimbursements (RUBS for water/trash/pest), pet rent, lease protection fees ($15/mo), and amenity charges, driving over $50,000 in annual secondary income (~$1,039/unit/year).
- Prime Central Hattiesburg Location: Located in The Oaks historic The Oaks neighborhood , placing residents minutes from The University of Southern Mississippi (13,100+ students), William Carey University, Forrest General Hospital, and Downtown Hattiesburg.
Property Description
Classic Charm Meets Contemporary Returns in Midtown Hattiesburg Turnkey Cash Flow | Proven Rent Growth Track Record | 82.5% Upgraded | Minutes from USM & Midtown Medical Brittany Arms Apartments presents a rare opportunity to acquire a stabilized, high-performing 40-unit multifamily community in central Hattiesburg, Mississippi. Operating at 97.5% physical occupancy, the property combines immediate, resilient cash flow with a clear, low-risk value-add finish line. With 33 of 40 units already fully renovated, prior ownership has completed the heavy capital lift—including new pitched roofs replaced in 2022, upgraded HVACs, refreshed exteriors, and modernized interiors. Current management has established a proven track record of steady rent increases across renovated units and renewals, demonstrating direct market acceptance and room for continued NOI expansion as remaining legacy leases roll.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 40 |
| Year Built: | 1971 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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
2600 DIANA Drive, Unit 107
Hallandale Beach, Florida
83 Calle Begonia, Urb. Manuel Corchado
Isabela, Puerto Rico
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout