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Bryan David

bryan@rmgulfcoast.com +1(228) 456-3437

$ 2,600,000

Est. payment -/mo

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Active

15269 Highway 613 Lucedale, MS 39452

40 Beds

24 Baths

20,800 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 20,800 sqft

Price per Sqft $125

MLS Listing ID 4157778

Bedrooms 40

Full Baths 24

Year Built 1986

Annual Tax Amount $11,379

Lot Size 2.000 Acres

Acres 2.0

Property Sub-Type Apartment

Source MLS United

Property 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.

Location

State MS

County George

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Vinyl, Other

Exterior

Parking Features Concrete

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Asphalt

Garage No

Building

Lot Description City Lot

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

New Construction No

Schools

High Schools George County

Others

Tax ID 0902-04-1-a001.01

Virtual Tour https://www.propertypanorama.com/15269-Highway-613-Lucedale-MS-39452/unbranded

Listed by Better Homes & Gardens RE Trad

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