Link Copied
Listed price in listed location currency (USD).
$99,900

420

MLS® 153448

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1317 sqft
Garage 
Taxes $1,259
Days Active 0
Lot Size 
Approx. Age 
Avg. Price Per Sqft $75
MLS® Number 153448

Property Address: 73 E Mlk Jr Ave, Lakeland, GA, 31635

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

Description

Solid brick 4 bedroom, 2 bath home priced under $100, 000 with immediate income potential. This property was most recently rented for $1, 295 per month, offering a rare opportunity to step into a cash flowing asset at an affordable price point. The roof has been replaced within the last five years, helping reduce near term capital expenses. Based on prior rental history, the property generates approximately $15, 540 in annual gross income. Using a conservative 30% expense ratio, the estimated net operating income comes in around $10, 878 annually, resulting in an approximate cap rate of 10.8%+ at a $100, 000 price point. For leveraged buyers putting 20% down, this deal projects a cash on cash return in the 30%+ range, making it a strong performer for both new and seasoned investors. With durable brick construction, four true bedrooms, and strong rental demand in this price range, this is the kind of opportunity that does not last long. Whether you are looking to expand your portfolio or secure your first investment property, this one checks the boxes. Listing agent is one of the owners.
MLS® Number153448
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
DrivewayOther
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 24, 2026List Date
$99,900List Price
  • Commute

Commute

Starting Address
Destination Address
73 E Mlk Jr Ave, Lakeland, GA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties