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106 Reed Drive 106 Columbiana, AL, United States 35051

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.

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Lots/Land
  • Home size: 0 ft2 / 0 m2
  • MLS: 21421653
  • Status: Active

Property brokered by

ARC Realty

(334) 270-2734

Presented by AliCarson

  • (205) 702-5555
  • (205) 881-4506 (Office Phone)

Contact AliCarson

Contact Agent


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