8-149 W Main, Lakeland, GA

House

For Sale

Listed price in listed location currency (USD).

$995,000

000

MLS® 153314

Overview

Key Facts

Type

Levels Residential Income

Size 9248 sqft

Garage

Taxes $6,884

Days Active 2

Lot Size

Approx. Age 2006

Avg. Price Per Sqft $107

MLS® Number 153314

Property Address: 8-149 W Main, Lakeland, GA, 31635

Average square foot calculated using Size range provided by listing agent.

Description

Signature Condos is a well-maintained 8-unit townhome-style multifamily property offering strong in-place income and proven rental performance. Built in 2006 and recently upgraded with a new roof in 2025, this asset provides investors with a stable, low-maintenance opportunity in a growing South Georgia market. Each unit features a spacious two-story layout with 2 bedrooms and 2.5 bathrooms across approximately 1, 156 square feet. Units include a full kitchen equipped with stove, refrigerator, dishwasher, and microwave, along with a comfortable living area, dedicated laundry room with washer/dryer connections, central heat and air, and private storage space. The townhome-style design continues to perform well with tenants, contributing to consistently high occupancy and minimal vacancy history. The property is currently 100% occupied with a strong rent roll totaling $8, 390 per month ($100, 680 annually), with four units at $1, 100, one at $1, 050, and three at $980. Using a 30% operating expense ratio, the property generates an estimated Net Operating Income (NOI) of approximately $70, 476. At the current asking price, this positions the asset at an attractive cap rate for the market, with immediate cash flow in place. Located in Lakeland, Georgia, just minutes from Moody Air Force Base, the property benefits from steady rental demand driven by military and supporting workforce housing needs. The combination of strong occupancy, recent capital improvements, and clear path to increased revenue makes Signature Condos a compelling investment opportunity.

MLS® Number153314

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2006

Basement

DrivewayOther

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 15, 2026List Date

$995,000List Price

Map

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