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Listed price in listed location currency (USD).
$1,195,000

220

MLS® 146648

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 5067 sqft
Garage No
HOA Fees 
Taxes $3,801
Days Active 3
Approx. Age 
Avg. Price Per Sqft $235
MLS® Number 146648

Property Address: 17-149 W Thigpen Ave, Lakeland, GA, 31635-6843

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number146648
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 28, 2025List Date
$1,195,000List Price
  • Commute

Commute

Starting Address
Destination Address
149 W Thigpen Ave, Lakeland, GA

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