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.
For sale
$850,000
108 Lata Terrace, Milledgeville, GA 31061
15beds
5,666sqft
Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$150/sqft
$-- HOA
What's special
Modern flooringFresh interior finishesNew appliancesExtensive exterior upgradesUpdated kitchens
- 5 days |
- 109 |
- 4 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Richard Grayson 706-540-4727,
Grayson Realty
Source: Hive MLS,MLS#: CL357906
Originating 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
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Listed for sale | $850,000$150/sqft |
Source: | ||
| 2/24/2026 | Listing removed | $995 |
Source: Zillow Rentals Report a problem | ||
| 2/14/2026 | Price change | $995-9.5% |
Source: Zillow Rentals Report a problem | ||
| 2/11/2026 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 31061
Nearby schools
GreatSchools rating
- 5/10Lakeview AcademyGrades: 3-5Distance: 1.1 mi
- 5/10Oak Hill Middle SchoolGrades: 6-8Distance: 1.4 mi
- 2/10Baldwin High SchoolGrades: 9-12Distance: 1.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Georgia
- Baldwin County
- Milledgeville
- 31061
- 108 Lata Terrace

