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Alvin Slate

alvin.slate@exprealty.com +1(470) 944-7167

$ 775,000

Est. payment | -/mo

1.43 Acres Lot

Save

$ 775,000

Est. payment | -/mo

Save

1.43 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10828862

HOA Y/N No

Year Built 1960

Annual Tax Amount $2,945

Tax Year 2025

Lot Size 1.430 Acres

Acres 1.43

Lot Dimensions 1.43

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

Discover an exceptional income-producing investment opportunity at 108 Lata Terrace in Milledgeville, Georgia. This thoughtfully assembled residential portfolio includes seven rental units across five buildings, offering investors the ideal combination of immediate cash flow, operational stability, & future growth potential. The property consists of five dwellings situated on a single parcel. According to Baldwin County Tax Assessor records, the property is identified as 110 Lata Terrace, while the United States Postal Service recognizes the address as 108 Lata Terrace. This address distinction is administrative in nature & does not impact the operation of the rental portfolio. The improvements include two duplexes & three single-family homes. The duplexes each contain two 2-bedroom, 1-bathroom units, while the single-family residences include two 2-bedroom, 1-bathroom homes & one 3-bedroom, 1-bathroom home. This diverse unit mix appeals to a broad tenant base & helps support consistent occupancy. In 2025, the portfolio underwent a comprehensive renovation program designed to enhance both tenant satisfaction & long-term asset performance. Improvements included updated kitchens & bathrooms, new appliances, modern flooring, fresh interior finishes, & extensive exterior upgrades. As a result, investors can acquire a substantially improved asset with minimal deferred maintenance & strong competitive positioning within the local rental market. The portfolio is currently fully leased & generating reliable income from day one. A significant portion of the tenancy is secured through long-term lease agreements extending into 2027, providing predictable revenue & reducing near-term turnover risk. The remaining leases create opportunities for future rental adjustments, allowing a new owner to capture additional revenue as market conditions permit.

Location

State GA

County Baldwin

Rooms

Bedroom Description No

Basement None

Interior

Heating Central, Electric, Other

Cooling Central Air, Other

Fireplace No

Laundry In Unit

Exterior

Parking Features Off Street, Over 1 Space per Unit

Garage Spaces 18.0

Community Features None

Utilities Available Electricity Individual Meters, Sewer Connected, Water Individual Meters

View Y/N No

Total Parking Spaces 18

Garage No

Private Pool No

Building

Faces From US-129 S / US-441 S heading straight into Milledgeville, enter Milledgeville via North Columbia Street (the main commercial corridor), then turn right onto Garrett Way (just before Zaxby's), 2nd street on left is Lata Terrace.

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Concrete,Vinyl Siding,Wood Siding

New Construction No

Schools

Elementary Schools Other

Middle Schools Other

High Schools Other

Others

HOA Fee Include None

Tax ID M55 028

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

Special Listing Condition Updated/Remodeled

Alvin Slate

Agent License ID: 404817

+1(470) 944-7167 | alvin.slate@exprealty.com

108 Lata TER Milledgeville, GA 31061

Alvin Slate

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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108 Lata TER