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1015 West Pine Street
Hattiesburg, MS 39401
Asking Price
$2.00M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
32-unit Complex with long-term tenant (12 units) <ul><li>32 units: (12) 2/1 units @ 901 SF; (8) 2/1 units @ 816 SF; (12) 1/1 units @ 603 SF</li><li>A long-term Corporate Lease is in place for 12 units (see more below)</li><li>$81.38/SF x 24,576 SF Living Area (excludes on-site laundry)</li><li>Occupancy has remained consistent at 90-100%; vacancies fill quickly; tenants are vetted</li><li>A few rents are below market; Rental Office (a 2/1) can be rented for additional profitability & occupancy</li><li>Average/Good condition building (bui
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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.46%
Monthly Payment
$9,894.909
Annual Cash Flow
$-38,738.905
