Property Description:
Storage Units for Sale
128 Units – Less than $44 per sq ft!
2298 Edwards Street
Hattiesburg MS 39401
Purchase price - $875,000
Terms: Cash/Hard or Private Money
Bank financing is allowed on this one for an additional $25K
The population of Hattiesburg – 46,000
Has new roof and resurfaced the roads – spent over $90,000
Has office
No fencing
No gate
No cameras
Built-in 1955/renovated in 2006
Lot size 2.5 acres
Price/sq ft - $44
Rentable Sq ft – 19,915
Vacant – 13 units
Unrentable – 25 units (These need work. Some doors, hinges, tracks, locks etc.)
Total rehab - $50,000 includes fixing all unrentable units and paint the facility. Some fascia
and soffit work also needs to be completed.
Value Add: Fix unrentable units and get them rented. Get occupancy to 92%. Get all rents to
web rate or market rental rates.
Please contact Rebecca Jensen for the full OM 801-865-4167