Multifamily Development Land | Bordering Southern Miss Campus
$269,000
500 N. 38th Avenue, Hattiesburg, MS 39401
For Sale
Land
Active
Last Updated: 03/01/2024
3.77
Cap Rate
56,613
NOI
Details:
Cap Rate: 3.77%
NOI: $56,613
Lot Area: 1.5 acres
Occupancy: 100%
Class: B
Units: 12
Year Built: 2012
Highlights:
- Mulitfamily/Student Housing Development Opportunity
- Frontage on N. 38th Avenue (one of 4 streets encircling Southern Miss campus)
- Walk/Bike to the Southern Miss campus
- Walk/Bike to the Longleaf Trace Recreational Trail
- 5-15 Minute walk/bike to Midtown
Description:
+/- 1.5 Acres of Multifamily Zoned Land (R-3) near the Southern Miss Campus.
Multi-Family Development Land. Within walking distance of the University of Southern Mississippi Campus and Midtown.
Property has +/- 385 ft of total frontage on N. 38th Ave. (12,000 + cars/day). N. 38th Ave. is one of 4 streets that circle the University of Southern Mississippi campus. - 38th Ave., 4th St., Highway 49 & Hardy St.
Mississippi Power
City
Spire
Documents:
| Title | ||
|---|---|---|
| Multifamily_Development_Land___Near_Southern_Miss_Campus.pdf | ||
| Multifamily_Development_Land___Near_Southern_Miss_Campus.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
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