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5347 Lacey Ave, Morrow, GA, 30260

2beds
1baths
1,075sqft
$115,000
$107price/sqft
$1,042/moest. monthly cost
$41,680/yrincome needed

About This Home

MAJOR PRICE REDUCTION – NOW OFFERED AT $115,000 This is the opportunity investors have been waiting for. Welcome to 5347 Lacey Ave, a 2-bedroom, 1-bath property situated on approximately 0.24 acres in Morrow, Georgia. This property gives buyers the flexibility to renovate, rent, or redevelop based on their investment strategy. Positioned at the end of a dead-end street, the property offers privacy with minimal through traffic while still maintaining strong accessibility to major corridors. Located just minutes from Hartsfield-Jackson International Airport, I-75, I-285, and approximately 15 minutes from Downtown Atlanta, this location continues to benefit from steady growth and increasing demand. The home itself is a 1,075 square foot ranch built in 1968 and is in need of renovation, making it a strong value-add opportunity for investors seeking to create equity through improvements . The lot spans approximately 0.24 acres and offers usable space with flexibility for future repositioning or long-term hold . The property is not located within a flood hazard area, which adds an additional layer of long-term stability for development or ownership . With pricing now at $115,000, this creates a compelling entry point for investors seeking margin, flexibility, and long-term upside in a growing area. Whether you’re looking to renovate and hold, fix and flip, or secure a well-located piece of land for future use, this property offers multiple exit strategies. Opportunities at this price point with this level of potential are becoming increasingly difficult to find.

Getting Around

16
WalkingCar-Dependent
0
TransitVery Limited Transit
10
BikeSomewhat Bikeable

Schools

5/10
Morrow Elementary SchoolGrades PK-51.8 mi
6/10
Morrow Middle SchoolGrades 6-81.1 mi
3/10
Morrow High SchoolGrades 9-121.2 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1968

Materials

  • Roof: Other
  • Construction materials: Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Other
  • Laundry features: None

Basement

  • Basement: None

Bedroom

  • Features: None

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Features: None

Features

  • Other
  • Window features: None
  • Flooring: Other
  • Number of fireplaces: 1
  • Fireplace features: None
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Other
  • Cooling features: Other

Interior Area

  • Total structure area: 1,075
  • Total interior livable area: 1,075 sqft

Kitchen

  • Features: None

Master Bathroom

  • Features: None

Master Bedroom

  • Features: None
  • Level: None

Property

Accessibility

  • Accessibility features: Accessible Bedroom

Details

  • Parcel number: 12179D A009
  • Other equipment: None
  • Horse amenities: None

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: None
  • Exterior features: Private Yard,No Dock
  • Spa features: None
  • Fencing: Front Yard
  • Has view: Yes
  • View description: Neighborhood,Rural,Trees/Woods
  • Waterfront features: None
  • Waterbody name: None

Lot

  • Lot size: 10,497 sqft
  • Features: Back Yard,Corner Lot,Private
  • Lot size dimensions: 150 x 70

Parking

  • Total spaces: 9
  • Parking features: None