655 4Th St Hattiesburg, MS 39401
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.