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85 Unit Apartment Complex For Sale
Location: United States -> Mississippi -> Hattiesburg
Industry: Real Estate > Other Real Estate

Business Summary

85 Total Apartment Units located in 3 developments under same ownership. All three complexes are located iwthin the city limits of West Hattiesburg. 3 & 4 square are approximately 3 blocks from the University of Southern Mississippi. They back up to the Rails to Trails offering safe travel for students to USM. 1 Square is located in Lamar county directly behind the Grand Theater. Here is a summary of the units.

1 Square 3 Square 4 Square
615 Thornhill Dr. 3414 W. 7th St. 3422 W. 7th St.

2-8 Plex 2 bdrm 1 ba 2-4 Plex 2 bdrm 1 ba 1-4 Plex 2 bdrm 1 ba
2-8 Plex 2 bdrm 2 ba 1-8 plex 2 bdrm 2 ba 6-4 plex 4 bdrm 2 ba
2-duplex 4 bdrm 2 ba
2-duplex 3 bdrm 2 ba
1 offi/apt 1 bdrm 2 ba

1 bdrm 2 ba 1 unit 1
3 bdrm 2 ba 2 duplex 4
4 bdrm 2 ba 2 duplex 4
2 bdrm 1 ba 3 4 plex 12
4 bdrm 2 ba 6 4 plex 24
2 bdrm 2 ba 3 8 plex 24
2 bdrm 1 ba 2 8 plex 16
1 bdrm 2 ba 1 Off/Apt 1
Total Units 85

Actual Gross Selling
Complex Units Annual Rents Price

1 Square 32 $249,600 $2,000,000
3 Square 16 $134,400 $1,100.000
4 Square 36 $408,000 $3,056,000
office 1
Totals 85 $792,000 $6,156,000

For more information individual data sheets for each unit are available.
Also Income and expense data is available to serious prospects.


Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $792,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2008
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Orientation will be provided.
Reason For Selling:  Desire to look at additional investments.


View Larger Photo(s) Of Business
85 Unit Apartment Complex For Sale Photo 1 85 Unit Apartment Complex For Sale Photo 2

Print Listing Id: 700168063
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