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Offices418 HWY 90 Waveland, MS 39576
$1,025,000
Hattiesburg, MS 39402
MLS# 4106507
Status: Closed
32 beds
1 / 5
Property Description
Turnkey 16-uit apartment complex in the highly sought-after Oak Grover School District! Each unit features 2 bedrooms, 1 bathroom, and washer & dryer hookups, offering a desirable layout for tenants. Renovated in 2021, this fully occupied property is generating strong cash flow with the most high-ticket items replaced in recent years, including new roofs on all four buildings. With well-maintained units and stable tenancy, this investment offers immediate income potential with minimal upfront work. Conveniently located near shopping centers, entertainment, and major highways, this is a prime opportunity for investors looking to expand their portfolio with a high-performing asset!
Details
Maps
Address and Location Information
Parcel Number: 056d-14-025.0 / ''-026.0 / ''-024.0 /''-027.0
Community Of: N/A
Street Number: 22
Street Name: Shears
Street Suffix: Road
County: Lamar
State: MS
Zip Code: 39402
Subdivision: Metes And Bounds
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2025-03-12
List Price: $1,200,000
Current Price: $1,025,000
General Property Information
New Construction: No
# of Units Included in Sale: 16
Approx Lot Size Acres: 0
SqFt Source: See Remarks
Year Built Source: Public Records
Total Floors: 2
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Furnished: No
Accessibility Features: Yes
Year Built: 1984
Bedrooms Total: 32
Bathrooms Full: 16
Tax and Financial Information
Tax Annual Amount: 6759.46
Tax Year: 2024
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: No
Leasehold Y/N: No
Association: No
Covenants Y/N: No
Legal Description: LOT A-D - WESTWOOD PLAZA
Remarks & Miscellaneous
Public Remarks: Turnkey 16-uit apartment complex in the highly sought-after Oak Grover School District! Each unit features 2 bedrooms, 1 bathroom, and washer & dryer hookups, offering a desirable layout for tenants. Renovated in 2021, this fully occupied property is generating strong cash flow with the most high-ticket items replaced in recent years, including new roofs on all four buildings. With well-maintained units and stable tenancy, this investment offers immediate income potential with minimal upfront work. Conveniently located near shopping centers, entertainment, and major highways, this is a prime opportunity for investors looking to expand their portfolio with a high-performing asset!
Status Change Info
Appraised SqFt: 10560
Contract Date/Pending Date: 2025-03-25
Closing Date: 2025-05-14
Structure Type
Multi Family: 1
Levels
Two: 1
Sewer
Other: 1
Water Source
Separate Meters: 1
Listing Terms
See Remarks: 1
Waterfront Features
None: 1
Showing Requirements
Showing: Appointment Required
Utilities
Electricity Available: 1
Cooling
Central Air: 1
Heating
Central: 1
Foundation Details
Brick/Mortar: 1
Exterior Construction/Siding
Brick Veneer: 1
Roof
Architectural Shingles: 1
Exterior Features
Other: 1
Parking Features
Paved: 1
Property Features
Structure Type: Multi Family
Levels: Two
Cooling: Central Air
Heating: Central
Utilities: Electricity Available
Sewer: Other
Water Source: Separate Meters
Foundation Details: Brick/Mortar
Listing Terms: See Remarks
Roof: Architectural Shingles
Exterior Features: Other
Parking Features: Paved
Waterfront Features: None
Listing Office: B & Co. Realty, LLC
Listing Agent: Bruna Bezerra
Last Updated: May - 15 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.
$1,025,000
Hattiesburg, MS 39402
MLS# 4106507
Status: Closed
32 beds
1 / 5
Property Description
Turnkey 16-uit apartment complex in the highly sought-after Oak Grover School District! Each unit features 2 bedrooms, 1 bathroom, and washer & dryer hookups, offering a desirable layout for tenants. Renovated in 2021, this fully occupied property is generating strong cash flow with the most high-ticket items replaced in recent years, including new roofs on all four buildings. With well-maintained units and stable tenancy, this investment offers immediate income potential with minimal upfront work. Conveniently located near shopping centers, entertainment, and major highways, this is a prime opportunity for investors looking to expand their portfolio with a high-performing asset!
Details
Maps
Address and Location Information
Parcel Number: 056d-14-025.0 / ''-026.0 / ''-024.0 /''-027.0
Community Of: N/A
Street Number: 22
Street Name: Shears
Street Suffix: Road
County: Lamar
State: MS
Zip Code: 39402
Subdivision: Metes And Bounds
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2025-03-12
List Price: $1,200,000
Current Price: $1,025,000
General Property Information
New Construction: No
# of Units Included in Sale: 16
Approx Lot Size Acres: 0
SqFt Source: See Remarks
Year Built Source: Public Records
Total Floors: 2
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Furnished: No
Accessibility Features: Yes
Year Built: 1984
Bedrooms Total: 32
Bathrooms Full: 16
Tax and Financial Information
Tax Annual Amount: 6759.46
Tax Year: 2024
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: No
Leasehold Y/N: No
Association: No
Covenants Y/N: No
Legal Description: LOT A-D - WESTWOOD PLAZA
Remarks & Miscellaneous
Public Remarks: Turnkey 16-uit apartment complex in the highly sought-after Oak Grover School District! Each unit features 2 bedrooms, 1 bathroom, and washer & dryer hookups, offering a desirable layout for tenants. Renovated in 2021, this fully occupied property is generating strong cash flow with the most high-ticket items replaced in recent years, including new roofs on all four buildings. With well-maintained units and stable tenancy, this investment offers immediate income potential with minimal upfront work. Conveniently located near shopping centers, entertainment, and major highways, this is a prime opportunity for investors looking to expand their portfolio with a high-performing asset!
Status Change Info
Appraised SqFt: 10560
Contract Date/Pending Date: 2025-03-25
Closing Date: 2025-05-14
Structure Type
Multi Family: 1
Levels
Two: 1
Sewer
Other: 1
Water Source
Separate Meters: 1
Listing Terms
See Remarks: 1
Waterfront Features
None: 1
Showing Requirements
Showing: Appointment Required
Utilities
Electricity Available: 1
Cooling
Central Air: 1
Heating
Central: 1
Foundation Details
Brick/Mortar: 1
Exterior Construction/Siding
Brick Veneer: 1
Roof
Architectural Shingles: 1
Exterior Features
Other: 1
Parking Features
Paved: 1
Property Features
Structure Type: Multi Family
Levels: Two
Cooling: Central Air
Heating: Central
Utilities: Electricity Available
Sewer: Other
Water Source: Separate Meters
Foundation Details: Brick/Mortar
Listing Terms: See Remarks
Roof: Architectural Shingles
Exterior Features: Other
Parking Features: Paved
Waterfront Features: None
Listing Office: B & Co. Realty, LLC
Listing Agent: Bruna Bezerra
Last Updated: May - 15 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.