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149 Thigpen Avenue, Lakeland, GA 31635

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For Sale

$1,195,000

2 beds • 2 baths • 5,067 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $235.84
    Price per square foot

Explore this Property

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.
MLS# 146648

Courtesy Of COLDWELL BANKER PREMIER REAL E

(229) 244-3535

Property Features

  • Amenities
    Ceiling Fan
  • Appliances
    Dryer, Microwave, Range, Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Block
  • Floor Covering
    Vinyl
  • Lot Size
    0.72 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 149 Thigpen Avenue, Lakeland, GA 31635

Home seller CENTURY 21 Realty Advisors

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Realty Advisors

(229) 333-4622
Learn More About Us

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Monthly Payment Breakdown

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  • Hazard Insurance
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  • Private Mortgage Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.