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:
$1,200,000
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
- New Construction
- No
- Approx Lot Size Acres
- 0
- Bathrooms Half
- 0
- Bathrooms Three Quarter
- 0
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
Remarks & Miscellaneous
- Public Remarks
- 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!
Structure Type
- Multi Family
- Yes
Levels
- Two
- Yes
Sewer
- Other
- Yes
Water Source
- Separate Meters
- Yes
Listing Terms
- See Remarks
- Yes
Waterfront Features
- None
- Yes
Utilities
- Electricity Available
- Yes
Cooling
- Central Air
- Yes
Heating
- Central
- Yes
Foundation Details
- Brick/Mortar
- Yes
Exterior Construction/Siding
- Brick Veneer
- Yes
Roof
- Architectural Shingles
- Yes
Exterior Features
- Other
- Yes
Parking Features
- Paved
- Yes
Listing Office:
B & Co. Realty, LLC
Listing Agent:
Bruna Bezerra
Last Updated: May - 15 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.