85 Unit Apartment Complex For Sale

www.GlobalBX.com

Listing ID: 700168063

Listing Title: 85 Unit Apartment Complex For Sale

Quick Link: http://www.globalbx.com/listing.asp?bId=168063

Industry: Real Estate

Industry Segment: Other Real Estate

Country: United States

State / Province: Mississippi

Area

City: Hattiesburg

Asking Price Range: $5.0M - $10.0M

Gross Revenues: $792,000

Cash Flow: Seller Will Provide

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2008

Number of Employees: 1 - 3

Business Description:
85 Total Apartment Units located in 3 developments under same ownership. All three complexes are located iwthin the city limits of West Hattiesburg. 3 & 4 square are approximately 3 blocks from the University of Southern Mississippi. They back up to the Rails to Trails offering safe travel for students to USM. 1 Square is located in Lamar county directly behind the Grand Theater. Here is a summary of the units. 1 Square 3 Square 4 Square 615 Thornhill Dr. 3414 W. 7th St. 3422 W. 7th St. 2-8 Plex 2 bdrm 1 ba 2-4 Plex 2 bdrm 1 ba 1-4 Plex 2 bdrm 1 ba 2-8 Plex 2 bdrm 2 ba 1-8 plex 2 bdrm 2 ba 6-4 plex 4 bdrm 2 ba 2-duplex 4 bdrm 2 ba 2-duplex 3 bdrm 2 ba 1 offi/apt 1 bdrm 2 ba Summary 1 bdrm 2 ba 1 unit 1 3 bdrm 2 ba 2 duplex 4 4 bdrm 2 ba 2 duplex 4 2 bdrm 1 ba 3 4 plex 12 4 bdrm 2 ba 6 4 plex 24 2 bdrm 2 ba 3 8 plex 24 2 bdrm 1 ba 2 8 plex 16 1 bdrm 2 ba 1 Off/Apt 1 Total Units 85 Actual Gross Selling Complex Units Annual Rents Price 1 Square 32 $249,600 $2,000,000 3 Square 16 $134,400 $1,100.000 4 Square 36 $408,000 $3,056,000 office 1 Totals 85 $792,000 $6,156,000 For more information individual data sheets for each unit are available. Also Income and expense data is available to serious prospects.



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