SoldAug 18, 2025

Listed by Ali Carson

Bought with Marcella Ridgeway from TMI Real Estate

Source: Greater Alabama MLS #21421653

106 Reed Drive, Columbiana, AL, 35051

$72,500

5.43 ac.

Land

23 days on the market

Sold: Aug 18, 2025

What's around 106 Reed Drive

About this property

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.

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Seller's review

about 2 years ago

She a awesome job and she so caring and helpful keep up the good work

She a awesome job and she so caring and helpful keep up the good work.

B
Buff Underwood
Seller

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