108 Lata Terrace,Milledgeville, GA 31061
Milledgeville, GA 31061
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.
Details
| MLS # | CL357906 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 128 |
| Listing Provided By | Grayson Realty | Richard Grayson |
Features
| Bed(s) | 15 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 5,666 |
| Story(s) | 1 |
| Units | 7 |
| Building(s) | 5 |
| Acreage | 1.43 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air, Electric, Wall Unit(s), Zoned |
| Laundry Features | Washer Hookup, Dryer Hookup, In Kitchen |
Exterior
| Exterior Features | Deck |
|---|---|
| Roof | Metal |
| Foundation Details | Crawlspace |
| Lot Features | Sloped |
| Topography | Sloping |
| Community Features | None |
| Construction Materials | Concrete, Vinyl Siding, Wood Siding |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Garage, Off Street, Parking Lot, Rear/Side/Off Street |
Utilities
| Utilities | Cable Available |
|---|
Taxes
| Tax Legal Description | Book 1613 Page 229 |
|---|
Area Information
| State | GA |
|---|---|
| County | Baldwin |
| City | Milledgeville |
| Zip Code | 31061 |
| Listing VS Median (in 31061) | |
Price: $775,000 low | high Med: $240,000 sqft: 5,666 low | high Med: 1,882 $ / sqft: $137 low | high Med: $123 On site: 128 low | high Med: 88 | |
Market Activity 31061
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Learn More About This Property
| State | GA |
|---|---|
| County | Baldwin |
| City | Milledgeville |
| Zip Code | 31061 |
| Listing VS Median (in 31061) | |
Price: $775,000 low | high Med: $240,000 sqft: 5,666 low | high Med: 1,882 $ / sqft: $137 low | high Med: $123 On site: 128 low | high Med: 88 | |