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149 W Thigpen Avenue #17, 
Lakeland, GA 31635

$1,195,000


Bed


Bath


5,067

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

John Courson

229-244-3535

Last updated:

November 11, 2025, 05:09 PM

MLS#

146648

Source:

GA VBR

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About This Home

149 W Thigpen Avenue #17

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.

Home Facts

Multi-Family

Price Summary

1,195,000

$235 per Sq. Ft.

MLS #:

146648

Last Updated:

November 11, 2025, 05:09 PM

Added:

7 day(s) ago


Rooms & Interior

Interior

Living Area:

5,067 Sq. Ft.


Structure

Structure

Building Area:

5,067 Sq. Ft.


Lot

Lot Size (Sq. Ft):

31,363


Finances & Disclosures

Finances

Price:

$1,195,000

Price per Sq. Ft:

$235 per Sq. Ft.

149 W Thigpen Avenue #17
Source:GA VBR
IDX information being provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Humboldt Association of REALTORS® November 11, 2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.