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    149 Thigpen Ave Lakeland, GA 31635

    For Sale
    $1,195,000

    Multi Unit - Lakeland, GA

    Property size:
    5,067 SF
    Lot size:
    0.72 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 14 at 6:06 am

    Property Features for 149 Thigpen Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Utility Room
    Bedrooms
    2
    Bathrooms
    2
    APN
    L01 0038
    Parking features
    Other
    Interior features
    Blinds, Ceiling Fan(s)
    Exterior features
    None
    Appliances
    Dryer, Microwave, Range, Refrigerator
    Size
    5,067 SF
    Lot size
    0.72 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Block
    Roof type
    Metal
    Architectural style
    Other

    COLDWELL BANKER PREMIER REAL E (229) 244-3535

    Listing agent John Courson (229) 244-3535

    Listing date Nov 5, 2025

    MLS# 146648 Listing URL

    Copyright © 2025 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Multifamily Investment Property

    Willow Grove is a fully renovated 16-unit investment property in Lakeland, GA. The property was repositioned in 2024 from a former motel into 16 high-efficiency 1BR/1BA units with premium finishes. Each unit features luxury vinyl plank flooring and modern kitchenettes with stainless-look appliances. The property also has new plumbing and wiring, a new roof, and a new parking lot. On-site amenities include laundry facilities, a small manager's office, and a professional camera security system. All units are separately metered for power, while the owner provides water, Wi-Fi, and dumpster service. Current rents range between $750 and $875 per month, with a potential gross income of $14,000 per month. Multi-year leases through a state-funded agency ensure dependable occupancy and income stability. The property, situated on a 0.72-acre lot, offers an exceptional turnkey multifamily investment opportunity in a growing South Georgia market. The property size is 5067 square feet. The trailing 12-month cap rate is 7.8%. The property is zoned R-3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lakeland Inn Hotel

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Lanier
    State
    Georgia
    Longitude
    -83.0888727
    Latitude
    31.0413821

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    FAQs

    What type of property is this?
    Apartment building - Turnkey, fully renovated 16-unit multifamily property in Lakeland, GA.
    Where is this apartment building located?
    The property is located at 149 Thigpen Ave Lakeland, GA.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: - Completely renovated in 2024 with premium finishes, ensuring a modern and appealing living space.; - Turnkey multifamily investment property, offering immediate cash flow and minimal initial effort.; - Multi-year leases through a state-funded agency, providing dependable occupancy and income stability.
    (229) 244-3535
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    149 Thigpen Ave Lakeland, GA 31635
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    Lakeland, GA 31635
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    149 Thigpen Ave Lakeland, GA 31635
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