22 Shears Road, Hattiesburg, MS 39402 (MLS# 4106507)

22 Shears Road, Hattiesburg, MS 39402

$1,025,000

Property Type: Res Income Multi-Fam Bedrooms: 32 Status: Closed

Current Price: $1,025,000 List Date: 3/12/2025 Last Modified: 5/15/2025

Overview

Description

Turnkey 16-uit apartment complex in the highly sought-after Oak Grover School District! Each unit features 2 bedrooms, 1 bathroom, and washer & dryer hookups, offering a desirable layout for tenants. Renovated in 2021, this fully occupied property is generating strong cash flow with the most high-ticket items replaced in recent years, including new roofs on all four buildings. With well-maintained units and stable tenancy, this investment offers immediate income potential with minimal upfront work. Conveniently located near shopping centers, entertainment, and major highways, this is a prime opportunity for investors looking to expand their portfolio with a high-performing asset!

Listing Details MLS# 4106507

General Property Information

# of Units Included in Sale: 16
SqFt Source: See Remarks
Year Built: 1984
Year Built Source: Public Records
Total Floors: 2
Bedrooms Total: 32
Bathrooms Full: 16
Furnished: No
Accessibility Features: Yes

Property Features

Structure Type: Multi Family Levels: Two Cooling: Central Air Heating: Central Utilities: Electricity Available Sewer: Other Water Source: Separate Meters Foundation Details: Brick/Mortar Listing Terms: See Remarks Roof: Architectural Shingles Exterior Features: Other Parking Features: Paved Waterfront Features: None

Address and Location Information

Street Number: 22
Street Name: Shears
Street Suffix: Road
County: Lamar
State: MS
Zip Code: 39402
Parcel Number: 056d-14-025.0 / ''-026.0 / ''-024.0 /''-027.0
Subdivision: Metes And Bounds
Community Of: N/A

Listing Information

Listing Service: Full Service

Tax and Financial Information

Tax Annual Amount: 6759.46
Tax Year: 2024
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: No
Leasehold Y/N: No
Association: No
Covenants Y/N: No
Legal Description: LOT A-D - WESTWOOD PLAZA

Status Change Info

Contract Date/Pending Date: 2025-03-25
Closing Date: 2025-05-14
Appraised SqFt: 10560

More Information

Showing Requirements

Showing: Appointment Required

Listing Office: B & Co. Realty, LLC

Listing Agent: Bruna Bezerra

Last Updated: May - 15 - 2025

22 Shears Road, Hattiesburg, MS 39402 (MLS# 4106507)