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228-215-3977
Praxis Realty
15269 Highway 613, Lucedale, MS 39452
- $2,600,000
- 40
- BD
- 24
- BA
- 20,800
- SqFt
- List Price
- $2,600,000
- Status
- ACTIVE
- Days on Market
- 94
- MLS#
- 4157778
- Subtype
- Commercial Sale
- Year Built
- 1986
- Bedrooms
- 40
- Bathrooms
- 24
- Full Baths
- 24
- Living Area
- 20,800
- Lot Size
- 87,120
- Acres
- 2
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.
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Additional Information
- Taxes
- $11,379
- Flooring
- Carpet, Other, Vinyl
- Stories
- Multi/Split
- Roof
- Asphalt
- High School
- George County
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Listing courtesy of Better Homes & Gardens RE Trad.