$2,600,000

15269 Highway 613, Lucedale MS, 39452

Price per sqft$125.00

Built in1986

Property size20,800 sqft

Property typeCommercial

Listed by Janie L Grice 601-508-5322 with Better Homes & Gardens RE Trad

Overview

Active

Listed Aug 1, 2026

Updated Aug 1

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.

Additional information

MLS^® ID: 4157778

Interior Features

Bedrooms: 40
Bathrooms: 24
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 2 Acres

Other Property Details

Taxes: $11,379
Tax Frequency: Annually

The IDX display contains information sourced from the MLS United as of 8/1/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 8/1/2026 at 3:20 AM UTC