15 Beds
7 Baths
5,666 SqFt
15 Beds
7 Baths
5,666 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,666 sqft
Price per Sqft $150
MLS Listing ID CL357906
Style Traditional
Bedrooms 15
Full Baths 7
HOA Y/N No
Year Built 1960
Lot Size 1.434 Acres
Acres 1.434
Property Sub-Type Multi Family
Property Description
The property consists of five dwellings situated on a single parcel. According to Baldwin County Tax Assessor records, the property is identified as 110 Lata Terrace, while the United States Postal Service recognizes the address as 108 Lata Terrace. This address distinction is administrative in nature & does not impact the operation of the rental portfolio.
The improvements include two duplexes & three single-family homes. The duplexes each contain two 2-bedroom, 1-bathroom units, while the single-family residences include two 2-bedroom, 1-bathroom homes & one 3-bedroom, 1-bathroom home. This diverse unit mix appeals to a broad tenant base & helps support consistent occupancy.
In 2025, the portfolio underwent a comprehensive renovation program designed to enhance both tenant satisfaction & long-term asset performance. Improvements included updated kitchens & bathrooms, new appliances, modern flooring, fresh interior finishes, & extensive exterior upgrades. As a result, investors can acquire a substantially improved asset with minimal deferred maintenance & strong competitive positioning within the local rental market.
The portfolio is currently fully leased & generating reliable income from day one. A significant portion of the tenancy is secured through long-term lease agreements extending into 2027, providing predictable revenue & reducing near-term turnover risk. The remaining leases create opportunities for future rental adjustments, allowing a new owner to capture additional revenue as market conditions permit.
Location
State GA
County Baldwin
Rooms
Basement None, Crawl Space
Interior
Heating Central, Electric, Wall Furnace, Zoned
Cooling Central Air, Electric, Wall Unit(s), Zoned
Flooring Hardwood, Tile, Vinyl
Fireplace No
Appliance Dishwasher, Electric Water Heater, Oven, Range, Refrigerator, Range Hood
Laundry Washer Hookup, Dryer Hookup, In Kitchen
Exterior
Exterior Feature Deck
Parking Features Garage, Off Street, Parking Lot, Rear/Side/Off Street
Community Features None
Utilities Available Cable Available
Water Access Desc Public
Roof Type Metal
Porch Deck, Front Porch
Building
Lot Description Sloped
Story 1
Foundation Crawlspace
Water Public
Architectural Style Traditional
Others
Tax ID M55 028
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Nearby Locations
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