Campus Cottages | 119 N 35th Ave
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Campus Cottages 119 N 35th Ave
44 Unit Apartment Building $5,244,639 CAD ($119,196 CAD/Unit) 6.14% Cap Rate Hattiesburg, MS 39401
Investment Highlights
- VALUE ADD with rents below market
- 44 units- (20 units have been recently renovated)
- Located in an OPPORTUNITY ZONE
Executive Summary
•Located in an OPPORTUNITY ZONE- situated in the middle of the fast-growing Mid-Town Area
•Value add with rents below market
•44 Units (20 Units have been recently renovated)
•All parking has been repaved and striped (2024)
•Onsite laundry has recently been added (3 washer & 3 dryers)
•Solar window screens have been installed on the front of each unit for increased efficiency
•Surrounded on 3 sides by the University of Southern Mississippi: With ± 14,606 Students Enrolled and a staff of just under 900
•Property is just 3 blocks from the heart of the University campus- because of its close proximity, campus police patrol this area and it is a stop on the University's shuttle route
•Close proximity to Forrest General Hospital: A 547-bed, Level II Regional Trauma Center and hospital system. Employing just under 4,000 Employees and yielding a total economic benefit of over $316 Million (2023)
•Easy accessibility to a variety of National restaurants, retailers and hotels which include: Starbucks, CVS, Winn Dixie, Big Lots, Home Depot, Longhorn Steak House, Crumbl Cookies & many more
• ± 0.5 miles from I-59 (Exit 65A)
•Value add with rents below market
•44 Units (20 Units have been recently renovated)
•All parking has been repaved and striped (2024)
•Onsite laundry has recently been added (3 washer & 3 dryers)
•Solar window screens have been installed on the front of each unit for increased efficiency
•Surrounded on 3 sides by the University of Southern Mississippi: With ± 14,606 Students Enrolled and a staff of just under 900
•Property is just 3 blocks from the heart of the University campus- because of its close proximity, campus police patrol this area and it is a stop on the University's shuttle route
•Close proximity to Forrest General Hospital: A 547-bed, Level II Regional Trauma Center and hospital system. Employing just under 4,000 Employees and yielding a total economic benefit of over $316 Million (2023)
•Easy accessibility to a variety of National restaurants, retailers and hotels which include: Starbucks, CVS, Winn Dixie, Big Lots, Home Depot, Longhorn Steak House, Crumbl Cookies & many more
• ± 0.5 miles from I-59 (Exit 65A)
Property Facts
| Price | $5,244,639 CAD | Apartment Style | Low Rise |
| Price Per Unit | $119,196 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.65 AC |
| Cap Rate | 6.14% | Building Size | 29,353 SF |
| No. Units | 44 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1968/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.11/1,000 SF |
| Price | $5,244,639 CAD |
| Price Per Unit | $119,196 CAD |
| Sale Type | Investment |
| Cap Rate | 6.14% |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 1.65 AC |
| Building Size | 29,353 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2024 |
| Parking Ratio | 2.11/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Views
- Yard
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | 573 |
| 2+1.5 | 14 | - | 1,070 |
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Walk Score ®
Very Walkable (76)
zoning
| Zoning Code | R-3 |
| R-3 |
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Campus Cottages | 119 N 35th Ave
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