$55,000

Lanett AL | 3 Bed 1 Bath SFR Knockdown or Major Rehab | 15,000 Sqft Lot

This vacant 3-bed, 1-bath SFR in Lanett, AL presents a knockdown or full rehab opportunity on a spacious 15,000 sqft lot. The existing structure requires extensive work, making this an ideal project for investors looking to redevelop or execute a full-scale renovation. With an ARV of $200K, there’s strong potential for a profitable exit strategy.

SFR Highlights

Single Family

3 Bedroom/ 1 Bathroom

1,138 Interior Square Footage

Not in a flood zone

Taxes: $170

Parking: Off-Street

Vacant

Investment Potential

Acquire this property for $55,000, invest an estimated $100,000 in renovations, and aim for an After-Repair Value (ARV) of $200,000. With a total investment of about $155,000, this projects a potential $45,000 profit—a compelling knockdown or full rehab opportunity for investors looking to maximize returns.

Lot Dimensions

Size: 15,000 sqft

Width: 100 ft

Depth: 150 ft

Utilites & Systems

Water: Public

Sewer: Septic

ARV SOLD COMPS

4128 20th, Lanett, AL 36863 – SOLD $240,000

2530 27th Ave SW, Lanett, AL 36863 – SOLD $208,000

1405 30th Ave SW, Lanett, AL 36863 – SOLD $194,900

2535 28th Ave SW, Lanett, AL 36863 – SOLD $175,000

5001 Veterans, Lanett, AL 36863 – SOLD $167,500

AS-IS SOLD COMPS

1351 57th, Lanett, AL 36863 – SOLD $45k

CALL OR TEXT NICK WALSH AT 908-499-9128 IF YOU HAVE ANY QUESTIONS OR WOULD LIKE TO KNOW HOW TO MOVE FORWARD PHOTOS COMING SOON