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About This Home

This 15-bedroom, 7-bathroom residential multi family at 108 Lata Terrace in Milledgeville, GA is listed for $850,000 ($150 per sqft). Built in 1960, the home offers 5,666 sqft of living space on a 1.43 acres lot.

Agent 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.

Key Features

  • Built in 1960
  • 1.43 acre lot

Property Details

1 story
7 full
1960

Amenities

HardwoodA/C

Monthly Cost Estimate

$4,546/mo

20% down · 6.5% · 30 years

Principal$615
Interest$3,683
Insurance$248

Estimates only. Actual payments may vary.

Location

108 Lata Terrace

Milledgeville, GA 31061

Features & Amenities

Exterior Features

Deck

Property Details

Flooring

TileHardwoodVinyl

Construction

Concrete Vinyl Siding Wood Siding

Pool Features

PorchDeck

Parking

Parking LotGarageOff Street

Heating

Wall FurnaceCentralElectric (Heating)Zoned

Cooling

Central AirZonedWall Unit(s)Electric

Appliances

DishwasherElectric Water HeaterOvenRangeRefrigeratorRange Hood

Questions & Answers

This 15-bedroom, 7-bathroom residential multi family at 108 Lata Terrace is listed at $850,000 ($150/sqft). The estimated monthly payment is $3,683 based on 20% down at 6.5% interest.

Key features include: Built in 1960, 1.43 acre lot. Exterior Features: Deck.

This property is listed by Richard Grayson and can be reached at 7065404727 or richardfgrayson@gmail.com.

RG

Richard Grayson

Agent at Grayson Realty

(706) 540-4727

Listed by Grayson Realty · View on Broker Site

MLS# CL357906· Source: listhub· Updated 10 days ago

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108 Lata Terrace, Milledgeville, GA 31061

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