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For sale
  • $850,000

    108 Lata Terrace, Milledgeville, GA 31061

    15beds
    5,666sqft
    : 
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    Multi Family
    Built in 1960
    -- sqft lot
    $-- Zestimate®
    $150/sqft
    $-- HOA

    What's special

    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.
    5 days
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    109
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    4
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Richard Grayson 706-540-4727,

    Grayson Realty

    Source: Hive MLS,MLS#: CL357906MLS LogoOriginating MLS: Athens Area Association of REALTORS

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      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
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,1031 Exchange
      • Ownership type: Homeowner/Owner
      • Tenant pays: Cable TV, Electricity, Trash Collection, Telephone, Water
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/19/2026Listed for sale$850,000$150/sqft
        Source: Hive MLS #CL357906 Report a problem
        2/24/2026Listing removed$995
        Source: Zillow Rentals Report a problem
        2/14/2026Price change$995-9.5%
        Source: Zillow Rentals Report a problem
        2/11/2026Listed for rent$1,100
        Source: Zillow Rentals Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

          Payment breakdown

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          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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          Climate risks

          Neighborhood: 31061

          Getting around

          46 / 100
          Car-Dependent
          37 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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