University Edge
Class-A Luxury Student Housing Community
| Pat Tate / Drew Tate (512) 474-8283 |  |
University Edge Class-A Luxury Student Housing Community
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| Commercial & Exchange - Basic Features | |||||
| List Price: | $250,000 min. purch. | Units: | 156 | Type: | Student Apartment |
 | 105 Doleac Drive Hattiesburg, MS 39401 |
MLS#: | UnivEdge | Status: | Active |
| Equity Investment: | $10,155,837 | Year Built: | 2003 | ||
| Occupancy: | 94% | Cash-on-Cash: | 6.26% (Yr. 1 Approx.) | 5 Yr. Avg. Yield: | 7.09% (Approx.) |
| Feature Details | |||||
| CAP Rate: | 6.68% | ||||
| Additional Information |
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This is a representative offering for investors or 1031 exchange clients. This particular property is closed, but new opportunities are available from time to time. Located at 105 Doleac Drive in Hattiesburg, Mississippi 39401, University Edge (the “Property”) is a Class-A lease-by-the-bed student housing complex serving the nearby University of Southern Mississippi (“Southern Miss”). The Property serves the approximately 14,000 students attending Southern Miss and is located less than a quarter of a mile from campus. According to a Claritas, Inc. demographic report dated June 2007, the Hattiesburg Metropolitan Statistical Area has a population of 138,932, an increase of 12.21% since the 2000 census. Hattiesburg is an educational, retail and medical center for more than a quarter of a million people who live throughout the southeastern Mississippi region. Hattiesburg is locally known as the “Hub City” because it is located at the intersections of Interstate 59 and U.S. Highways 49, 98 and 11. Hattiesburg is centrally located less than 100 miles from the state capital of Jackson as well as the Gulf Coast, New Orleans and Mobile, Alabama. Hattiesburg is part of a metropolitan area that includes Forrest, Perry and Lamar Counties. Hattiesburg is both the county seat and largest city in Forrest County. (Source: City of Hattiesburg (2007)) Property amenities include a resort-style pool, sand volleyball court, basketball court, fitness center, computer lounge, clubhouse, spa and pool tables. Available apartment features, which vary from unit to unit, include fully-furnished and unfurnished units, basic cable with HBO, full size washer and dryer in every unit, garbage disposals/dishwashers, self-cleaning ovens and microwave ovens, ceiling fans, private walk-in closets, broadband internet connections, individual bedroom door locks and built-in desks. Offered as a fractional deed co-ownership opportunity with a minimum investment of $250,000. Qualifies for 1031 Exchange or new money investment. For additional property information Click Here. (Call or email for password first.) Click Here to learn more about Fractional Deed Co-Ownership. (Call or email for password first.) |
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