For Sale
$250,000

2794 Ms-589Hattiesburg, MS 39402

Two single-family homes, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
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.

Highlights

  • Two 3/2 single-family homes on a one-acre lot.
  • Located in Hattiesburg, MS at 2794 MS-589.
  • Homes built in 1986 and 1997, approximately 1,100-1,300 sq ft each.
  • Currently 50% occupied; one unit vacant, one tenant-occupied (tenant may remain or vacate).
  • Zoned C4, grandfathered for residential use.
  • Eight total parking spaces (four per unit).

Property Details for 2794 Ms-589

Property type
Residential income homes
Square Feet
1,100 SF
Class
B
Year Built
1986
Buildings
2
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
2

Location Insight

City
Hattiesburg
County
Lamar
State
Mississippi
Latitude
31.2963666
Longitude
-89.4689374
2794 Ms-589, Hattiesburg, Mississippi

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2794 Ms-589
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