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108 Lata Terrace Ter

Milledgeville, GA 31061
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Bed 15

Bed

Bath 7

Bath

SqFt5,666

Sqft

Acres1.43

Acres(Lot)

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-b athroom 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $850,000

AD Id : 85649987

MLS Id : CL357906

Beds : 15

Lot Size : 1.43 Acres

Living Area Size : 5,666

Year Built : 1960

County : Baldwin

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Feature Features

  • Bedroom Information

    Total beds: 15

    Bathroom Information

    Total Baths: 7 Full Baths: 7

    Room Information

    Basement: None, Crawl Space
  • Flooring Information

    Hardwood, Tile, Vinyl
  • Roofing Information

    Metal
  • Interior Features

    Roof: Metal Appliances: Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood Laundry Features: Washer Hookup, In Kitchen
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric, Wall Furnace, Zoned Has Cooling: Yes Cooling: Central Air, Electric, Wall Unit(s), Zoned

  • Building Information

    Year Built: 1960 Construction Materials: Concrete, Vinyl Siding, Wood Siding Patio And Porch Features: Deck, Front Porch Private Pool: No

  • Lot Information

    Lot Dimensions: 240' x 250' Main Square Feet: 1.434 Acres Lot Size Acres: 1.434 Lot Size Square Feet: 62465 Lot Description: Sloped

  • Listing Price Information

    Listing Price: $850000 Cash, 1031 Exchange

  • Tax Information

    Parcel Number: M55 028

  • Parking Information

    Garage, Off Street, Parking Lot

    Garage Information

    Has Garage: Yes

  • Utility Information

    Cable Available
  • Location Information

    Direction: 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. WaterSource: Public
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The data relating to real estate on this website comes in part from the Internet Data Exchange program of Hive MLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor ByOwner shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Copyright ©2026 Hive MLS LLC. All Rights Reserved.

ByOwner last updated this listing 06/20/2026 @ 08:28

MLS: CL357906 LISTED BY: Richard Grayson, Grayson Realty SOURCE: Hive MLS (North Carolina Regional)

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