Modern flooringFresh interior finishesNew appliancesExtensive exterior upgradesUpdated kitchens
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.
51 days
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78
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3
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Zillow last checked:
Listing updated:
Listed by:
Richard Grayson706-540-4727,
Grayson Realty
Source: Hive MLS,MLS#: CL357906Originating MLS: Athens Area Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 15
Bathrooms: 7
Full bathrooms: 7
Heating
Central, Electric, Wall Furnace, Zoned
Cooling
Central Air, Electric, Wall Unit(s), Zoned
Appliances
Included: Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood
Laundry: Washer Hookup, Dryer Hookup, In Kitchen
Features
Flooring: Hardwood, Tile, Vinyl
Basement: None,Crawl Space
Interior area
Total interior livable area: 5,666 sqft
Property
Parking
Parking features: Garage, Off Street, Parking Lot, Rear/Side/Off Street
Has garage: Yes
Features
Patio & porch: Deck, Front Porch
Exterior features: Deck
Lot
Size: 1.43 Acres
Dimensions: 240' x 250'
Features: Sloped
Topography: Sloping
Details
Parcel number: M55 028
Construction
Type & style
Home type: MultiFamily
Architectural style: Traditional
Property subtype: Multi Family
Materials
Concrete, Vinyl Siding, Wood Siding
Foundation: Crawlspace
Roof: Metal
Condition
Year built: 1960
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available
Community & HOA
Community
Features: None
HOA
Has HOA: No
Location
Region: Milledgeville
Financial & listing details
Price per square foot: $150/sqft
Date on market: 6/19/2026
Cumulative days on market: 51 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,1031 Exchange
Ownership type: Homeowner/Owner
Tenant pays: Cable TV, Electricity, Trash Collection, Telephone, Water
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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