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USAALColumbiana106 Reed Dr
106 - 106 Reed Dr, Home with 0 bedrooms, 0 bathrooms and null parking in Columbiana AL | Image 1
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$84,900

106 - 106 Reed Dr, Columbiana, AL

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Unimproved Land
Levels Land
Size -
Garage No
Taxes 
Days Active 4
Lot Size 
Approx. Age 
MLS® Number 21421653

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number21421653
Laundry Level
Central VacNo
FireplaceNo
Acreage5.43
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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