Matthews Logo

Navigation Menu

801 Main St, Ellisville, MS, 39437

The Grande at Ellisville
$3,820,000

Key Information

Cap Rate
8.15%
GRM
6
$ per SF
$98
Tot. SF
38,950
$ per unit
$72,075
Units
53
Year Built
1970/R 2021
Type
Apartments
NOI
$311,192

Highlights

Property

  • Renovated units featuring modern interior upgrades, including granite-like countertops, vinyl plank flooring, faux wood blinds, 9-foot ceilings and walk-in closets
  • Centrally located between Hattiesburg and Laurel, Mississippi
  • Amenities include on-site laundry facilities and playground with swings & jungle gym
  • 42 of 53 units with brand new water heaters

Location

  • Prime Access: Direct connection to I-59 with two nearby exits and quick access to Laurel, Hattiesburg, and Hattiesburg–Laurel Regional Airport.
  • Strong Market: Jones County population of nearly 67,000 with a median household income over $51,000.
  • Retail Access: National quick-service restaurants and retailers located less than one mile away along Hill St/US-11.
  • Economic Drivers: Howard Industries’ large facilities provide stable employment and steady demand in the local market.
  • Education Hub: Jones College, with over 4,300 students, is less than a mile away, driving strong daytime and service demand.
  • Healthcare Anchor: South Central Regional Medical Center in nearby Laurel draws patients and visitors from across six counties, boosting regional traffic and spending.

Photos

Location

Agents

Broker of Record

Phillip Carpenter

License # C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211