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$84,900
Est. payment /mo
5.43 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Acreage
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21421653
HOA Y/N No
Lot Size 5.430 Acres
Property Sub-Type Acreage
Property 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.
Location
State AL
County Shelby
Area Columbiana, Westover, Wilsonville
Interior
Flooring No
Exterior
Amenities Available None
Building
Lot Description Acreage, Irregular Lot, Some Trees
Sewer Septic
Water Public Water
Schools
Elementary Schools Elvin Hill
Middle Schools Columbiana
High Schools Shelby County
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/bham/21421653
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Listed by ARC Realty Pelham Branch
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