15269 Highway 613Lucedale, MS 39452

Description

Great Investment Opportunity! The Retreat at Midtown is a fully remodeled apartment complex with 100% tenant occupancy, offering immediate income potential and a 7.49% cap rate. Renovated in 2025 down to the stud walls, this property features 24 total units on approximately 2 acres, including 16 two-bedroom apartments renting for $950/month and 8 one-bedroom apartments renting for $850/month. Additional income is generated by the on-site laundry mat. Tenants pay all utilities, and each unit has dedicated parking. Conveniently located within the City Limits of Lucedale with city water and sewer, and just minutes from shopping, hospitals, and downtown Lucedale.

Property Information

Property type

Commercial Sale

Sub-type

Apartment

Year built

1986

Building area

20,800 Sq Ft

Lot size

2.00 acres

Parking spaces

24

Days on market

64

MLS^® Listing#

4157778

Property Features

Cooling

Central Air

Heating

Central

Flooring

Carpet · Vinyl · Other

Parking

Concrete

Lot features

City Lot

Construction

Brick Veneer

Foundation

Slab

Roof

Asphalt

Utilities

Electricity Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

High

George County

District

George CO Dist

Financial Details

Annual taxes

$11,379Tax year 2025

Parcel number

0902-04-1-a001.01