9271 Highway 613, Lucedale, MS 39452

$1,300,000
24
BD
14
BA
12,410
SqFt

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List Price
$1,300,000
Status
ACTIVE
Days on Market
0
MLS#
4157886
Subtype
Commercial Sale
Year Built
1973
Bedrooms
24
Bathrooms
14
Full Baths
14
Living Area
12,410
Lot Size
182,952
Acres
4.20

Property Description

Great Investment Opportunity! The Retreat Apartments is a fully remodeled apartment complex with 100% tenant occupancy, offering immediate income potential and an 8.69% cap rate. Renovated in 2022, this property features 14 total units on approximately 4.2 acres, including 10 two-bedroom apartments renting for $950/month and 4 one-bedroom apartments renting for $850/month. Tenants pay all utilities, and each unit has dedicated parking. Conveniently located in Southeast George County with public water and fiber internet, this turnkey investment is ready to generate strong cash flow from day one.

Additional Information

Taxes
$8,383
Flooring
Carpet, Vinyl
Stories
One, Two
Roof
Metal

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Calculator source: Real Geeks

Listing courtesy of Better Homes & Gardens RE Trad.