Willow Grove | Fully Renovated 16-Unit Investment Property – Lakeland, GA Exceptional turnkey multifamily investment opportunity! Willow Grove has been completely renovated in 2024 and repositioned from a former motel into 16 high-efficiency 1BR/1BA units with premium finishes. Each unit features luxury vinyl plank flooring, modern kitchenettes with stainless-look appliances, new plumbing and wiring, and a new roof and parking lot. Property includes on-site laundry, a small manager's office, and professional camera security system. All units are separately metered for power; owner provides water, Wi-Fi, and dumpster service. Current rents range between $750–$875/month with a potential gross income of $14,000/month. Multi-year leases through a state-funded agency ensure dependable occupancy and income stability. Trailing 12-month cap rate: 7.8%. Ideal for investors seeking low-maintenance, cash-flowing assets in a growing South Georgia market. Member of seller entity is a licensed real estate associate broker in Georgia.
For sale
$1,195,000
149 W Thigpen Ave #17, Lakeland, GA 31635
2beds
2baths
5,067sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$1,140,500 Zestimate®
$236/sqft
$-- HOA
What's special
New roofParking lotModern kitchenettesStainless-look appliancesNew plumbing and wiringPremium finishes
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