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Forest Royale Apartments 620 S 28th Ave 104 Unit Apartment Building For Sale Hattiesburg, MS 39402
Investment Highlights
- 96% Occupied
- No New Supply in Submarket
- Diverse Unit Mix (Studios–3BR)
- Strong Value-Add Opportunity
- Close Proximity to Major Universities & Employers
- Ability to Increase Rents Through Renovations
Property Facts
| Sale Type | Investment | Lot Size | 3.08 AC |
| No. Units | 104 | Building Size | 59,755 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1963 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 104 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.08 AC |
| Building Size | 59,755 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1963 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Refrigerator
- Range
- Walk-In Closets
- Wheelchair Accessible (Rooms)
Site Amenities
- Clubhouse
- Laundry Facilities
- Property Manager on Site
- Wi-Fi
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 30 | $700.00 | 300 |
| 1+1 | 30 | $800.00 | 646 |
| 2+1 | 21 | $930.00 | 750 - 1,000 |
| 2+1.5 | 12 | $950.00 | 936 |
| 2+2 | 7 | $1,150 | 1,000 |
| 3+2 | 3 | $1,250 | 1,060 |
| 3+2.5 | 1 | $1,275 | 1,060 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2-039B-17-115.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $229,254 |
Property Taxes
Parcel Number
2-039B-17-115.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$229,254
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Forest Royale Apartments | 620 S 28th Ave
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