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Offices418 HWY 90 Waveland, MS 39576
$244,900
Hattiesburg, MS 39401
MLS# 4133277
Status: Pending
8 beds | 2294 sqft
1 / 11
Property Description
Income-producing property in the heart of Hattiesburg! This well-maintained apartment building features four spacious townhouse-style units, ideally positioned near the University of Southern Mississippi and Highway 49 for maximum tenant appeal. Currently generating steady rental income with occupied units and professional property management already in place. This turnkey investment offers immediate cash flow in a prime location within Hattiesburg city limits. Close proximity to USM campus makes it perfect for student and faculty housing, while convenient highway access appeals to working professionals. The townhouse configuration provides tenants with more space and privacy than traditional apartments, commanding premium rents while minimizing turnover. Strong rental demand in this established neighborhood ensures consistent occupancy. Perfect for investors seeking a hands-off, income-generating property in a proven rental market. Don't miss this opportunity to add a performing asset to your portfolio!
Details
Maps
Address and Location Information
Parcel Number: 2-028b-05-028.00
Directions to Property: From Hwy 49 turn East onto Hwy 42 bypass, right on Mohawk St, left on McLelland and property is on the right.
Community Of: N/A
Street Number: 2612
Street Name: Mclelland
Street Suffix: Street
County: Forrest
State: MS
Zip Code: 39401
Subdivision: None
Listing Information
Listing Service: Full Service
Status: Pending
List Date: 2025-12-05
List Price: $244,900
Current Price: $244,900
General Property Information
New Construction: No
Property Condition: Updated/Remodeled
# of Units Included in Sale: 4
Approx Lot Size Acres: 0.18
SqFt Source: Public Records
List Price/SqFt: 106.76
Year Built Known: Yes
Year Built Source: Public Records
Total Floors: 2
Bathrooms Half: 4
Bathrooms Three Quarter: 0
Furnished: No
School District: Hattiesburg Public Dist
High School: Hattiesburg
Accessibility Features: No
Complex Name: Pinecrest Apartments
Approx H/C SqFt: 2294
Year Built: 1980
Bedrooms Total: 8
Bathrooms Full: 4
Tax and Financial Information
Tax Annual Amount: 3601
Tax Year: 2024
Homestead Y/N: No
Additional Exemptions Y/N: No
Zoning: Multiple Family Residential
Flood Insurance Required?: No
Leasehold Y/N: No
Sold In Previous 12 Months: No
Association: No
Covenants Y/N: No
Legal Description: COM NW/CR NE 1/4 NW 1/4 SEC 5-4-13 S 497.50FT E 100FT TO POB E 50FT S 158.86FT W 50FT N 158.86FT TO POB BLK 1 BK 0614 PG 0201 03/23/1989 PREV #:H0096-01-024
Remarks & Miscellaneous
Public Remarks: Income-producing property in the heart of Hattiesburg! This well-maintained apartment building features four spacious townhouse-style units, ideally positioned near the University of Southern Mississippi and Highway 49 for maximum tenant appeal. Currently generating steady rental income with occupied units and professional property management already in place. This turnkey investment offers immediate cash flow in a prime location within Hattiesburg city limits. Close proximity to USM campus makes it perfect for student and faculty housing, while convenient highway access appeals to working professionals. The townhouse configuration provides tenants with more space and privacy than traditional apartments, commanding premium rents while minimizing turnover. Strong rental demand in this established neighborhood ensures consistent occupancy. Perfect for investors seeking a hands-off, income-generating property in a proven rental market. Don't miss this opportunity to add a performing asset to your portfolio!
Structure Type
Quadruplex: 1
Income & Expenses
Offsite Management: 10
Lot Features
City Lot: 1
Dumpster: 1
Zero Lot Line: 1
Additional Type Details
Apartment Complex: 1
Levels
Two: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Waterfront Features
Waterfront: No
Showing Requirements
Showing: Appointment Required
Utilities
Cable Connected: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Owner Pays
Grounds Care: 1
Repairs: 1
Taxes: 1
Trash Collection: 1
Water: 1
Tenant Pays
Electricity: 1
Bathroom Features
Ceramic Tile: 1
Appliances
Electric Oven: 1
Refrigerator: 1
Flooring
Ceramic Tile: 1
Cooling
Central Air: 1
Heating
Central: 1
Electric: 1
Foundation Details
Slab: 1
Exterior Construction/Siding
Brick: 1
Roof
Asphalt Shingle: 1
Exterior Features
None: 1
Patio And Porch Features
None: 1
Parking Features
Common: 1
Concrete: 1
Unassigned: 1
Water Heater
40 Gallons or Less: 1
Electric: 1
Available Documents
Cash Flow Analysis: 1
Disclosures
None: 1
Lease Term
12 Months: 1
Unit 1
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Leased: Yes
Occupied: Yes
Unit 2
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Leased: Yes
Occupied: Yes
Unit 3
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Leased: No
Occupied: Yes
Unit 4
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Leased: Yes
Occupied: Yes
Status Change Info
Contract Date/Pending Date: 2026-01-29
Property Features
Structure Type: Quadruplex
Additional Type Details: Apartment Complex
Lot Features: City Lot; Dumpster; Zero Lot Line
Levels: Two
Owner Pays: Grounds Care; Repairs; Taxes; Trash Collection; Water
Tenant Pays: Electricity
Bathroom Features: Ceramic Tile
Appliances: Electric Oven; Refrigerator
Flooring: Ceramic Tile
Cooling: Central Air
Heating: Central; Electric
Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected
Sewer: Public Sewer
Water Source: Public
Foundation Details: Slab
Listing Terms: 1031 Exchange; Cash
Roof: Asphalt Shingle
Exterior Features: None
Patio And Porch Features: None
Parking Features: Common; Concrete; Unassigned
Water Heater: 40 Gallons or Less; Electric
Lease Term: 12 Months
Disclosures: None
Available Documents: Cash Flow Analysis
Listing Office: Realty Star Network
Listing Agent: Jason M Gunter
Last Updated: April - 09 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.
$244,900
Hattiesburg, MS 39401
MLS# 4133277
Status: Pending
8 beds | 2294 sqft
1 / 11
Property Description
Income-producing property in the heart of Hattiesburg! This well-maintained apartment building features four spacious townhouse-style units, ideally positioned near the University of Southern Mississippi and Highway 49 for maximum tenant appeal. Currently generating steady rental income with occupied units and professional property management already in place. This turnkey investment offers immediate cash flow in a prime location within Hattiesburg city limits. Close proximity to USM campus makes it perfect for student and faculty housing, while convenient highway access appeals to working professionals. The townhouse configuration provides tenants with more space and privacy than traditional apartments, commanding premium rents while minimizing turnover. Strong rental demand in this established neighborhood ensures consistent occupancy. Perfect for investors seeking a hands-off, income-generating property in a proven rental market. Don't miss this opportunity to add a performing asset to your portfolio!
Details
Maps
Address and Location Information
Parcel Number: 2-028b-05-028.00
Directions to Property: From Hwy 49 turn East onto Hwy 42 bypass, right on Mohawk St, left on McLelland and property is on the right.
Community Of: N/A
Street Number: 2612
Street Name: Mclelland
Street Suffix: Street
County: Forrest
State: MS
Zip Code: 39401
Subdivision: None
Listing Information
Listing Service: Full Service
Status: Pending
List Date: 2025-12-05
List Price: $244,900
Current Price: $244,900
General Property Information
New Construction: No
Property Condition: Updated/Remodeled
# of Units Included in Sale: 4
Approx Lot Size Acres: 0.18
SqFt Source: Public Records
List Price/SqFt: 106.76
Year Built Known: Yes
Year Built Source: Public Records
Total Floors: 2
Bathrooms Half: 4
Bathrooms Three Quarter: 0
Furnished: No
School District: Hattiesburg Public Dist
High School: Hattiesburg
Accessibility Features: No
Complex Name: Pinecrest Apartments
Approx H/C SqFt: 2294
Year Built: 1980
Bedrooms Total: 8
Bathrooms Full: 4
Tax and Financial Information
Tax Annual Amount: 3601
Tax Year: 2024
Homestead Y/N: No
Additional Exemptions Y/N: No
Zoning: Multiple Family Residential
Flood Insurance Required?: No
Leasehold Y/N: No
Sold In Previous 12 Months: No
Association: No
Covenants Y/N: No
Legal Description: COM NW/CR NE 1/4 NW 1/4 SEC 5-4-13 S 497.50FT E 100FT TO POB E 50FT S 158.86FT W 50FT N 158.86FT TO POB BLK 1 BK 0614 PG 0201 03/23/1989 PREV #:H0096-01-024
Remarks & Miscellaneous
Public Remarks: Income-producing property in the heart of Hattiesburg! This well-maintained apartment building features four spacious townhouse-style units, ideally positioned near the University of Southern Mississippi and Highway 49 for maximum tenant appeal. Currently generating steady rental income with occupied units and professional property management already in place. This turnkey investment offers immediate cash flow in a prime location within Hattiesburg city limits. Close proximity to USM campus makes it perfect for student and faculty housing, while convenient highway access appeals to working professionals. The townhouse configuration provides tenants with more space and privacy than traditional apartments, commanding premium rents while minimizing turnover. Strong rental demand in this established neighborhood ensures consistent occupancy. Perfect for investors seeking a hands-off, income-generating property in a proven rental market. Don't miss this opportunity to add a performing asset to your portfolio!
Structure Type
Quadruplex: 1
Income & Expenses
Offsite Management: 10
Lot Features
City Lot: 1
Dumpster: 1
Zero Lot Line: 1
Additional Type Details
Apartment Complex: 1
Levels
Two: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Waterfront Features
Waterfront: No
Showing Requirements
Showing: Appointment Required
Utilities
Cable Connected: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Owner Pays
Grounds Care: 1
Repairs: 1
Taxes: 1
Trash Collection: 1
Water: 1
Tenant Pays
Electricity: 1
Bathroom Features
Ceramic Tile: 1
Appliances
Electric Oven: 1
Refrigerator: 1
Flooring
Ceramic Tile: 1
Cooling
Central Air: 1
Heating
Central: 1
Electric: 1
Foundation Details
Slab: 1
Exterior Construction/Siding
Brick: 1
Roof
Asphalt Shingle: 1
Exterior Features
None: 1
Patio And Porch Features
None: 1
Parking Features
Common: 1
Concrete: 1
Unassigned: 1
Water Heater
40 Gallons or Less: 1
Electric: 1
Available Documents
Cash Flow Analysis: 1
Disclosures
None: 1
Lease Term
12 Months: 1
Unit 1
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Leased: Yes
Occupied: Yes
Unit 2
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Leased: Yes
Occupied: Yes
Unit 3
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Leased: No
Occupied: Yes
Unit 4
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Furnished: No
Leased: Yes
Occupied: Yes
Status Change Info
Contract Date/Pending Date: 2026-01-29
Property Features
Structure Type: Quadruplex
Additional Type Details: Apartment Complex
Lot Features: City Lot; Dumpster; Zero Lot Line
Levels: Two
Owner Pays: Grounds Care; Repairs; Taxes; Trash Collection; Water
Tenant Pays: Electricity
Bathroom Features: Ceramic Tile
Appliances: Electric Oven; Refrigerator
Flooring: Ceramic Tile
Cooling: Central Air
Heating: Central; Electric
Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected
Sewer: Public Sewer
Water Source: Public
Foundation Details: Slab
Listing Terms: 1031 Exchange; Cash
Roof: Asphalt Shingle
Exterior Features: None
Patio And Porch Features: None
Parking Features: Common; Concrete; Unassigned
Water Heater: 40 Gallons or Less; Electric
Lease Term: 12 Months
Disclosures: None
Available Documents: Cash Flow Analysis
Listing Office: Realty Star Network
Listing Agent: Jason M Gunter
Last Updated: April - 09 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.