Willow Grove Fully Renovated 16-Unit Investment Property â?? 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 $750â??$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.
Lakeland is located in Georgia. Lakeland, Georgia has a population of 2,840. Lakeland is less family-centric than the surrounding county with 8.56% of the households containing married families with children. The county average for households married with children is 28.13%.
The median household income in Lakeland, Georgia is $25,118. The median household income for the surrounding county is $33,956 compared to the national median of $69,021. The median age of people living in Lakeland is 41.1 years.
The average high temperature in July is 92.1 degrees, with an average low temperature in January of 37.5 degrees. The average rainfall is approximately 50.1 inches per year, with 0.1 inches of snow per year.
