Multifamily Development Land | Bordering Southern Miss Campus

500 N. 38th Avenue, Hattiesburg, MS

$269,000

Price

3.77%

Cap Rate

$56,613

NOI

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Street
Map
Overview
Cap Rate
3.77%
NOI
$56,613
Lot Area
1.5 acres
Occupancy
100%
Class
B
Units
12
Year Built
2012
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

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
Documents
Location
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