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The Grande at Timberwood & Hub City 2 Multifamily Properties Offered at $8,096,573 in Hattiesburg, MS
Investment Highlights
- 125-unit, 2-property multifamily portfolio priced at $8,100,000 — $64,800/unit
- Over $800,000 invested into capex and renovations across the portfolio
- University of Southern Mississippi with 13,000+ students less than 2 miles away
- Historical cap rate of 8.90% with pro forma cap rate of 8.32%
- Direct connection to I-59; walking distance to Turtle Creek Mall
- Located in the prestigious Oak Grove School District
Executive Summary
Broker Of Record
Phillip Carpenter
Carpenter Properties, Inc.
8906, C-11708 (MS)
1437 Old Square Road, Suite 104 Jackson, MS 39211 (866) 889-0550
Phillip Carpenter
Carpenter Properties, Inc.
8906, C-11708 (MS)
1437 Old Square Road, Suite 104 Jackson, MS 39211 (866) 889-0550
Property Facts
| Price | $8,096,573 | Number of Properties | 2 |
| Price / SF | $47.78 / SF | Individually For Sale | 0 |
| Cap Rate | 8.90% | Total Building Size | 169,442 SF |
| Sale Type | Investment | Total Land Area | 3.51 AC |
| Status | Active |
| Price | $8,096,573 |
| Price / SF | $47.78 / SF |
| Cap Rate | 8.90% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 169,442 SF |
| Total Land Area | 3.51 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
The Grande at Timberwood
9 Shenandoah Dr, Hattiesburg, MS 39402 |
Multifamily | 116,142 SF | 2000 | - |
|
The Grande at Hub City
5-7 Shears Rd, Hattiesburg, MS 39402 |
Multifamily | 53,300 SF | 2003 | - |
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