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Royal Oaks Apartments 22 Central School Rd 120 Unit Apartment Building $5,200,000 ($43,333/Unit) Hattiesburg, MS 39401
INVESTMENT HIGHLIGHTS
- FF Refrigerators
- Oven/Stove
- Central AC/Heat
- Over-Sized Closets
EXECUTIVE SUMMARY
Royal Oaks Apartments is nestled at 22 Central School Road in Hattiesburg, MS. Royal Oaks Apartments offers a harmonious blend of comfort, convenience, and affordability. This pet-friendly community features thoughtfully designed one- to three-bedroom units ranging from 700 to 1,000 square feet, with rents between $650 and $950 per month. Residents also benefit from on-site laundry facilities, surface parking, and 24-hour emergency maintenance services. Royal Oaks Apartments boasts a strategic location that caters to both educational pursuits and economic opportunities. The property is a 6-minute drive to William Carey University and a 10-minute drive to the University of Southern Mississippi, making it an ideal residence for students, faculty, and staff. Families will also appreciate the proximity to several public schools, including Earl Travillion Attendance Center, Dixie Attendance Center, and Blair Center at Hattiesburg High School.
For shopping and entertainment, residents are within easy reach of downtown Hattiesburg, known for its vibrant arts scene, diverse dining options, and unique retail shops. The Hattiesburg Zoo and various parks provide recreational opportunities for all ages. Experience the perfect balance of affordability, convenience, and comfort at Royal Oaks Apartments. Whether you're a student, a professional, or a family seeking a welcoming community, Royal Oaks offers a living experience tailored to your needs.
For shopping and entertainment, residents are within easy reach of downtown Hattiesburg, known for its vibrant arts scene, diverse dining options, and unique retail shops. The Hattiesburg Zoo and various parks provide recreational opportunities for all ages. Experience the perfect balance of affordability, convenience, and comfort at Royal Oaks Apartments. Whether you're a student, a professional, or a family seeking a welcoming community, Royal Oaks offers a living experience tailored to your needs.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,200,000 | Building Class | C |
| Price Per Unit | $43,333 | Lot Size | 9.50 AC |
| Sale Type | Investment | Building Size | 119,762 SF |
| No. Units | 120 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $5,200,000 |
| Price Per Unit | $43,333 |
| Sale Type | Investment |
| No. Units | 120 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 9.50 AC |
| Building Size | 119,762 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1969 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Tile Floors
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Maintenance on site
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | $700.00 | 700 |
| 2+1 | 72 | $800.00 | 800 |
| 2+1.5 | 8 | $850.00 | 800 |
| 3+2 | 16 | $950.00 | 1,000 |
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PROPERTY TAXES
| Parcel Number | 2-041B-27-023.00 | Total Assessment | $324,593 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
2-041B-27-023.00
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$324,593 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Royal Oaks Apartments | 22 Central School Rd
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