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    655 4Th St Hattiesburg, MS 39401

    Sponsored
    For Sale
    $150,000

    Two-unit apartment building, great potential.

    Property size:
    1,680 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Hattiesburg, Mississippi multifamily property, located at 655 W 4th St, 39401, presents a compelling investment opportunity. The property consists of a two-unit apartment building with a total of 1,680 square feet of net rentable space. Each unit currently generates $500 in monthly rent, totaling $1000 per month. The asking price is $150,000, translating to a price per square foot of $89.29. It's important to note that one unit is currently experiencing an eviction process. This sale is subject to a contingency; the closing is dependent upon the successful completion of another sale within the next sixty days. The property is situated in Forrest County and offers a chance to acquire a multifamily asset in a growing market. Prospective buyers should be aware of the pending eviction and the contingent nature of the sale. Further due diligence is recommended to fully assess the investment potential of this property. The property's location provides convenient access to local amenities and transportation networks. This is a unique opportunity for investors seeking a multifamily property in Hattiesburg, Mississippi.

    Property Features for 655 4Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,680 SF

    Building Details

    Units
    2

    HighLights

    • Asking price: $150,000
    • Multifamily property with two units in Hattiesburg, MS.
    • 1,680 square feet of net rentable space.
    • Price per square foot: $89.29.
    • Located at 655 W 4th St, Hattiesburg, MS 39401.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.3088963
    Latitude
    31.3321512

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit apartment building, great potential.
    Where is this multifamily property located?
    The property is located at 655 4Th St Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Asking price: $150,000; Multifamily property with two units in Hattiesburg, MS.; 1,680 square feet of net rentable space.
    Request Owner's contact information
    655 4Th St Hattiesburg, MS 39401
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    Hattiesburg, MS 39401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    655 4Th St Hattiesburg, MS 39401
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