$2,600,000
( $125.00Per Sq Foot )
$13,957 est/mo Sourced by Back At You15269 Highway 613,Lucedale, MS 39452
Lucedale, 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.
Details
| MLS # | 4157778 |
|---|---|
| Listing Type | For Sale |
| Style | Apartment |
| Sub-Type | Resale |
| Status | Active |
| Year | 1986 |
| Days On Site | 37 |
| Listing Provided By | Better Homes & Gardens RE Trad | Janie L Grice |
Features
| Bed(s) | 40 |
|---|---|
| Bath(s) | 24 Total |
| SQ Feet | 20,800 |
| Acreage | 2.00 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Brick Veneer |
| Foundation Details | Slab |
| Lot Features | City Lot |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Concrete |
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|
Taxes
| Property | 11379 |
|---|
Area Information
| State | MS |
|---|---|
| County | George |
| City | Lucedale |
| Zip Code | 39452 |
| Area | George |
| School District | George County |
| High School | George County |
| Listing VS Median (in 39452) | |
Price: $2,600,000 low | high Med: $245,000 sqft: 20,800 low | high Med: 1,500 $ / sqft: $125 low | high Med: $163 On site: 37 low | high Med: 83 | |
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Learn More About This Property
| State | MS |
|---|---|
| County | George |
| City | Lucedale |
| Zip Code | 39452 |
| Area | George |
| School District | George County |
| High School | George County |
| Listing VS Median (in 39452) | |
Price: $2,600,000 low | high Med: $245,000 sqft: 20,800 low | high Med: 1,500 $ / sqft: $125 low | high Med: $163 On site: 37 low | high Med: 83 | |
Listing Updated: August 3, 2026 at 9:37:14 PM PDT