Skip to main content

15269 Highway 613, Lucedale, MS 39452 (MLS# 4157778)

15269 Highway 613, Lucedale, MS 39452

$2,600,000
Property Type: Commercial Sale Bedrooms: 40 Square Footage: 20,800 Lot Size (sq. ft.): 87,120 Status: Active
Current Price: $2,600,000 List Date: 8/01/2026 Last Modified: 8/01/2026

Overview

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.

Listing Details MLS# 4157778

General Property Information

Approx Lot Size Acres
2
Approx H/C SqFt
20800
SqFt Source
Other
List Price/SqFt
125
Year Built Known
Yes
Year Built
1986
Year Built Source
Public Records
Total Floors
2
Bedrooms Total
40
Bathrooms Full
24
School District
George CO Dist
High School
George County
Accessibility Features
No
Property Sub Type
Apartment

Property Features

Business Type: Real Estate; Other Current Use: Investment; Other; See Remarks Possible Use: Investment; Other; See Remarks Structure Type: See Remarks Lot Features: City Lot Location: US Highway Levels: Multi/Split Square Footage Description: See Remarks Walls - Interior: Sheetrock Flooring: Carpet; Vinyl; Other Cooling: Central Air Heating: Central Utilities: Electricity Connected; Sewer Connected; Water Connected Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: Cash; Conventional Roof: Asphalt Parking Features: Concrete Price Includes: Building and Land; Leases Available Documents: Land Survey; Leases; Profit & Loss Statement Disclosures: Agent Owned

Address and Location Information

Street Number
15269
Street Name
Highway 613
County
George
State
MS
Zip Code
39452
Parcel Number
0902-04-1-a001.01
N or S of CSX Railroad Track
N

Listing Information

Property Sub Type
Apartment
Listing Service
Full Service

Tax and Financial Information

Tax Annual Amount
11379.36
Tax Year
2025
Flood Insurance Required?
Subject to Survey
Leasehold Y/N
No
Legal Description
2 acres (see attached survey)
Complex Name
The Retreat at Midtown

Commercial Features

Cap Rate
7.49

More Information

Auction

Auction
No

Parking Features

Parking Total
24

Showing Requirements

Showing
Appointment Required
Appointment Phone
601-508-5322

Basement Features

Basement
No

Documents

Listing Office: Better Homes & Gardens RE Trad
Listing Agent: Janie L Grice
Source MLS Verified
Last Updated: August - 01 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2026 MLS United, LLC.
Search powered by FBS Products