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

15269 Highway 613, Lucedale, MS 39452

New Listing

$2,600,000

Virtual Tour

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

RealistReport_Results_Map - 2026-07-31T1

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
New Construction: No
Property Condition: Updated/Remodeled

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
Concrete: Yes

Showing Requirements

Showing: Appointment Required
Appointment Phone: 601-508-5322

Basement Features

Basement: No

Location

City: Yes
US Highway: Yes

Remarks & Miscellaneous

Public Remarks: 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.

Current Use

Investment: Yes
Other: Yes
See Remarks: Yes

Structure Type

See Remarks: Yes

Possible Use

Investment: Yes
Other: Yes
See Remarks: Yes

Business Type

Real Estate: Yes
Other: Yes

Lot Features

City Lot: Yes

Levels

Multi/Split: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Utilities

Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Walls - Interior

Sheetrock: Yes

Square Footage Description

See Remarks: Yes

Flooring

Carpet: Yes
Vinyl: Yes
Other: Yes

Cooling

Central Air: Yes

Heating

Central: Yes

Foundation Details

Slab: Yes

Exterior Construction/Siding

Brick Veneer: Yes

Roof

Asphalt: Yes

Price Includes

Building and Land: Yes
Leases: Yes

Available Documents

Land Survey: Yes
Leases: Yes
Profit & Loss Statement: Yes

Disclosures

Agent Owned: Yes

Uncovered Parking?

1-25 Spaces: Yes

Documents

Tax Records ›

Survey ›

Listing Office: Better Homes & Gardens RE Trad

Listing Agent: Janie L Grice

Last Updated: August - 01 - 2026