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    Investment properties

    3631 Clements Rd, Cottondale, AL 35453

    936 SF 2.03 ac lot Built 1972
    Individually Owned 21-yr Hold Absentee Owner
    Property ID
    US03-0633533
    Property summary
    AI-generated overview

    This exceptional 2.62-acre property at 3631 Clements Road, Cottondale, Alabama, presents a unique investment opportunity. The site encompasses a thriving mobile home park and a substantial retail-zoned lot, currently operating as a single entity. The property boasts a total of 4,046 square feet of built space, including seven mobile homes. Three of these mobile homes are currently generating rental income, providing a consistent revenue stream for the new owner. The property's zoning designation as "Retail - Mixed Use" offers significant flexibility for future development. An investor could capitalize on the existing rental income from the mobile homes while simultaneously exploring various options for the retail space, such as expanding the existing mobile home park, constructing new retail buildings, or pursuing other compatible commercial ventures. The property's size and zoning provide ample room for expansion and diversification of income streams. This is a rare chance to acquire a multi-faceted property with immediate income potential and substantial long-term growth prospects in a desirable location. Detailed information on the mobile home is available via a separate residential listing (WAMLS# 152349). This turnkey investment is ready for a new owner to take advantage of its existing income and future development potential. Don't miss this chance to acquire a high-yield property in a growing market.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1972
    Total area 936 SF
    Lot 2.03 ac (88,427 SF)
    APN 30-07-36-2-002-004.000
    UPID US03-0633533
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Judy Mcdonald · 21 yrs held
    Judy Mcdonald
    since 2005
    1 recorded transaction
    2005
    $216,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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