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Brittany Arms Apartments 901 W Pine St 40 Unit Apartment Building For Sale Hattiesburg, MS 39401
Investment Highlights
- Current Occupancy: Brittany Arm’s current occupancy is 97.5%.
- Additional Profitability: Additional profitability is available through the recent renovation of more than half of the units and rent increases.
- Curb Appeal: Recent investment in exteriors and landscaping has created an inviting and attractive property.
- Significant Rent Delta: Brittany Arms has a meaningful rent delta to the market-leading competitors, to internal market rates, and to renovated units
- Asset Condition: Brittany Arms was constructed in 1971 and is in excellent physical condition lending itself to multiple renovation and repositioning
- Limited New Supply: High barrier to entry submarket with no additional planned supply and no new construction.
Executive Summary
Colliers Multifamily proudly presents the exclusive listing of Brittany Arms Apartments—a 40-unit recently renovated asset nestled in the vibrant heart of Hattiesburg, Mississippi. Brittany Arms Apartments offers the multifamily investor an opportunity to acquire a well-located asset in a solid Mississippi multifamily market. Additionally, the property displays strong historical, recent, and current operations, which supports the quality of the asset and investment.
The property’s location boasts some of the best commercial and municipal attributes in the region. Though the asset is performing at a high level, Brittany Arms provides the new owner the opportunity to maximize returns and future value through a targeted value-add strategy.
The property’s location boasts some of the best commercial and municipal attributes in the region. Though the asset is performing at a high level, Brittany Arms provides the new owner the opportunity to maximize returns and future value through a targeted value-add strategy.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 1.22 AC |
| No. Units | 40 | Building Size | 36,006 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1971 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.22 AC |
| Building Size | 36,006 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1971 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 16 | - | 1,080 |
| 1+1 | 24 | - | 780 - 798 |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2-029N-09-279.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $177,903 CAD |
Property Taxes
Parcel Number
2-029N-09-279.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$177,903 CAD
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Brittany Arms Apartments | 901 W Pine St
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