106 REED DRIVE, Columbiana, AL 35051
Local realty services provided by:ERA King Real Estate Company, Inc.



Listed by:ali carson
Office:arc realty pelham branch
MLS#:21421653
Source:AL_BAMLS
Price summary
- Price:$84,900
About this home
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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Home facts
- Listing Id #:21421653
- Added:65 day(s) ago
- Updated:August 15, 2025 at 02:33 PM
Structure and exterior
- Lot area:5.43 Acres
Schools
- High school:SHELBY COUNTY
- Middle school:COLUMBIANA
- Elementary school:ELVIN HILL
Utilities
- Water:Public Water
- Sewer:Septic
Finances and disclosures
- Price:$84,900
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