$1,195,000

149 W Thigpen Ave Unit 17 Lakeland, GA 31635

Estimated payment $6,572/month

2 Beds
2 Baths
5,067 Sq Ft
$236 Price per Sq Ft

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Lanier County Middle School Rated 9+
  • Luxury Vinyl Tile Flooring
  • Heating Available

About This Home

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.

Listing Agent

John Courson

COLDWELL BANKER PREMIER REAL E Brokerage Phone: 2292443535 License #342868 Listed on: 10/27/2025

COLDWELL BANKER PREMIER REAL E

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,801

Lot Details

  • 0.72 Acre Lot

Home Design

  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 5,067 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Luxury Vinyl Tile Flooring

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Community Details

  • No Home Owners Association
  • Lakeland Subdivision

Listing and Financial Details

  • Assessor Parcel Number L01 0038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,801

Lot Details

0

Listing Details

  • Property Sub Type: Multi Unit
  • Prop. Type: Residential Income
  • Road Frontage Type: None
  • Lot Size Acres: 0.72
  • Lot Size: .72
  • Road Surface Type: Paved
  • Ownership: Agent Owned
  • Subdivision Name: Lakeland
  • Directions: From downtown Lakeland, take Hwy 37 / Thigpen Avenue west for 0.8 miles, property will be on the south side across from SGMC Health Lanier campus.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Attribution Contact: 2292443535
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Refrigerator, Electric Range, Microwave, Washer, Dryer
  • Total Bedrooms: 2
  • Flooring: Luxury Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 5067
  • Window Features: Blinds

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Exterior Features: None
  • Foundation Details: Slab
  • Roof: Metal

Garage/Parking

  • Parking Features: Other

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Size Sq Ft: 31363.2
  • Parcel #: L01 0038
  • Zoning: R-3

Multi Family

  • Total Actual Rent: 1625

Tax Info

  • Tax Annual Amount: 3801
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,801 $105,560 $10,520 $95,040
2023 $3,191 $73,280 $10,520 $62,760
2022 $3,191 $73,280 $10,520 $62,760
2021 $3,246 $73,280 $10,520 $62,760
2020 $3,272 $73,280 $10,520 $62,760
2019 $3,271 $73,280 $10,520 $62,760
2018 $3,272 $73,280 $10,520 $62,760
2017 $3,275 $73,280 $10,520 $62,760
2016 $3,265 $72,040 $9,280 $62,760
2015 -- $73,280 $10,520 $62,760
2014 -- $73,280 $10,520 $62,760
2013 -- $73,280 $10,520 $62,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2025 10/27/25 For Sale $1,195,000 -- $236 / Sq Ft
Source: South Georgia MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $265,000 --
Warranty Deed $80,000 --
Warranty Deed -- --
Foreclosure Deed -- --
Warranty Deed $299,900 --
Deed $250,000 --
Deed $230,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $647,370 New Conventional
Previous Owner $255,000 Purchase Money Mortgage
Source: Public Records

Source: South Georgia MLS

MLS Number: 146648

APN: L01-0038

Georgia Lanier County Lakeland 31635

149 W Thigpen Ave Unit 17, Lakeland, GA

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John Courson
Listing Agent
John Courson
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COLDWELL BANKER PREMIER REAL E
(229) 210-2408