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About This Home

This 3-bedroom, 1-bathroom single family at 507 N 16TH STREET in Lanett, AL is listed for $90,000 ($83 per sqft). Built in 1980, the home offers 1,090 sqft of living space on a 10640.00 acres lot.

Agent Description

Great Investment Opportunity - Tenant-Occupied & Cash Flowing! Welcome to this well-maintained income-producing property, perfect for investors! This home is tenant-occupied with reliable tenants who pay on time, providing immediate rental income from day one.

The interior is very clean and well cared for, and the home features a new roof installed in 2017, adding long-term value and peace of mind. This property has a strong rental history and generates positive cash flow, making it an excellent addition to any investment portfolio. Priced to sell-don't miss this opportunity to own a solid rental property with steady income potential!

Key Features

  • Built in 1980
  • 10640.00 acre lot

Property Details

1 story
1 full
1980

Amenities

A/C

Monthly Cost Estimate

$481/mo

20% down · 6.5% · 30 years

Principal$65
Interest$390
Insurance$26

Estimates only. Actual payments may vary.

Location

507 N 16TH STREET

Lanett, AL 36863

A P LEE

Property Details

Flooring

Carpet

Construction

4 Sides Brick

Parking

Driveway

Heating

Central

Cooling

Central Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 507 N 16TH STREET is listed at $90,000 ($83/sqft). The estimated monthly payment is $390 based on 20% down at 6.5% interest.

Key features include: Built in 1980, 10640.00 acre lot.

This property is listed by Steven Gaddis and can be reached at 2053016310 or stevengaddis@gaddisrealtor.com.

SG

Steven Gaddis

Agent at World Impact Real Estate

(205) 301-6310

Listed by World Impact Real Estate · View on Broker Site

MLS# 21452775· Source: listhub· Updated 26 days ago

Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

507 N 16TH STREET, Lanett, AL 36863

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