$84,900

106 Reed Drive 106 , Columbiana, AL 35051

 
Bedrooms:0 beds
Bathrooms:0 baths
Land:0 sqft
Lot:5.43
Year Built:--
Listing Status:Active

Listing Agent

Ali Carson
http://www.arcrealtyco.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Opportunity knocks. 5.43 surveyed acres inside Columbiana city limits, zoned RMH Residential District (Mobile Homes), with income in place and room to grow. Two long-term tenants (20+ and 10+ years) paying lot rent only. Current gross rent $590/month ($7,080/year) with low expenses (~$1,500/year), estimated 6% cap rate. Property is priced below land value to reflect condition: land is overgrown, two non-working truck trailers, a non-working boat, and a shed beyond repair. This is a value-add opportunity for the investor or visionary buyer. Hold for cash flow, clear for development, or reposition for future gain. Please respect tenant privacy — tenants own their mobile homes, and one tenant has two outdoor dogs. Showings by appointment only. Rare investment potential with income today and possibilities for tomorrow.

Detailed Items

Other Information

106 Reed Drive, Columbiana, AL, 35051 is a land listing of 0 sqft on a lot of 5.43. This land listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property106 Reed Drive, Columbiana, AL
Copyright © 2025 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.

Ask a question

By pressing Request Info, you agree that HousingNow.com and real estate professionals may call, text or email you regarding your inquiry, which may involve the use of automated means.
Learn how to appear as the Local Advisor above