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

2 stories
24 full
24 spaces
1986

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$13,905/mo

20% down · 6.5% · 30 years

Principal$1,880
Interest$11,267
Insurance$758

Estimates only. Actual payments may vary.

Location

15269 Highway 613

Lucedale, MS 39452

Property Details

Flooring

CarpetVinyl

Heating

Central

Cooling

Central Air

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.

JG

Janie L Grice

License S49561

Agent at Better Homes and Gardens Real Estate Traditions

Listed by Better Homes and Gardens Real Estate Traditions · Broker phone: (601) 466-5201 · Broker website

MLS# 4157778· Source: MLS United· 93 days on PropertySimple

Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

15269 Highway 613, Lucedale, MS 39452

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