2794 Ms-589 Hattiesburg, MS 39402
- Residential income homes
- 1,100 SF
- 1.00 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 2794 Ms-589
- Year built
- 1986
- Lot size
- 1.00 lot acres
- Property size
- 1,100 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents two single-family homes situated on a one-acre lot in Hattiesburg, Mississippi. The property, located at 2794 MS-589, is comprised of two one-story buildings, constructed in 1986 and 1997, each offering approximately 1,100 to 1,300 square feet of living space. Both homes feature three bedrooms and two bathrooms, providing ample living space for tenants or owners. Currently, the occupancy rate is 50%, with one unit tenant-occupied (tenant may remain or vacate) and the other vacant. The property is zoned C4 but is grandfathered for residential use, offering flexibility for future development. Each unit boasts four parking spaces. This value-add investment presents a rare chance to acquire a multifamily property in a prime location with access to top-rated Oak Grove schools. The large lot provides significant outdoor space. The asking price is $250,000, representing $125,000 per unit. This property is held within an LLC. This is a fantastic opportunity for investors seeking a dual-property listing in a highly desirable area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hattiesburg
- County
- Lamar
- State
- Mississippi
- Longitude
- -89.4689
- Latitude
- 31.2964
