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73 E Mlk Jr Ave, 
Lakeland, GA 31635

$99,900


4

Beds


2

Baths


1,317

Sq Ft


Single Family


Virtual Tour

Pending

Listed by

Tommy Cangelosi

Landmark Realty And Investments, LLC.

229-834-7131

Last updated:

May 30, 2026, 07:28 AM

MLS#

153448

Source:

GA VBR

About This Home

73 E Mlk Jr Ave

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.

Home Facts

Single Family

2 Baths

4 Bedrooms

Subdivision & Development:

MLK

Price Summary

99,900

$75 per Sq. Ft.

MLS #:

153448

Last Updated:

May 30, 2026, 07:28 AM

Added:

4 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,317 Sq. Ft.


Structure

Structure

Building Area:

1,317 Sq. Ft.


Lot

Lot Size (Sq. Ft):

9,147


Finances & Disclosures

Finances

Price:

$99,900

Price per Sq. Ft:

$75 per Sq. Ft.

Source:GA VBR
IDX information being provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Humboldt Association of REALTORS® May 30, 2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. GA VBR Member Broker: Tom Call

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.