About This Home
This 40-bedroom, 24-bathroom commercial at 15269 Highway 613 in Lucedale, MS is listed for $2,600,000 ($125 per sqft). Built in 1986, the home offers 20,800 sqft of living space on a 2.00 acres lot.
Key Features
- Built in 1986
- 2.00 acre lot
- 2 stories
- 24 parking spaces
Property Details
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.
Monthly Cost Estimate
$13,905/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
15269 Highway 613
Lucedale, MS 39452
Property Details
Flooring
Questions & Answers
This 40-bedroom, 24-bathroom commercial at 15269 Highway 613 is listed at $2,600,000 ($125/sqft). The estimated monthly payment is $13,905 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1986, 2.00 acre lot, 2 stories, 24 parking spaces.
This property is listed by Janie L Grice and can be reached at 6015085322.