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Active
$775,000 Est. $5,340/mo — Get pre-qualified
15beds 7baths 5,666sq ft 1.43acres

108 Lata Terrace · Milledgeville, GA 31061

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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.

Features & Amenities

Living Area5,666 Sq.Ft.
Bedrooms15
Baths7
HeatingCentral, Electric, Wall Furnace, Zoned
CoolingCentral Air, Electric, Wall Unit(s), Zoned
FlooringHardwood, Tile, Vinyl
FireplaceNo
AppliancesDishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood
LaundryWasher Hookup, Dryer Hookup, In Kitchen
Exterior FeaturesDeck
StyleTraditional
Year Built1960
ConstructionConcrete, Vinyl Siding, Wood Siding
RoofMetal
FoundationCrawlspace
ParkingGarage, Off Street, Parking Lot, Rear/Side/Off Street
StatusActive
Lot Size1.43 Acres
Lot FeaturesSloped
SubdivisionMilledgeville
CountyBALDWIN
Last UpdatedOct 7, 2026
UtilitiesCable Available
Water SourcePublic
HOANo
ElementaryUnknown Elementary School
MiddleUnknown Middle School
HighUnknown High School
Presented By: Grayson Realty; richardfgrayson@gmail.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Pricing History

DateEventPriceChange
Oct 7, 2026 Price Reduced $850,000 → $775,000 ▾ $75,000 (8.8%)

Monthly Cost Estimate

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* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

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Last Updated: Oct 7, 2026