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Property profile & analytics
OFF-MARKET
Commercial real estate

402 Green Briar Cove Rd Union Grove, AL 35175

2,820 SF 0.8 ac lot
Property ID
US03-0267809
Property summary
AI-generated overview

This exceptional investment opportunity presents a three-unit apartment building situated on a 0.8-acre lot in Union Grove, Alabama. The property, located at 402 Greenbriar Cove Rd, 35175, comprises three individual mobile homes, each with its own septic tank. Two units boast three bedrooms and two bathrooms, while the third unit offers two bedrooms and two bathrooms. Heating and cooling systems vary across the units; one features an electric heat pump, another a furnace, and the third utilizes wall units with window air conditioners. The property provides ample parking with six spaces available. The combined monthly rental income currently totals $1700, representing a strong return on investment. The total square footage of the building is 2,820 square feet. This property is priced at $159,000 and presents a compelling entry point into the rental market, offering immediate cash flow and significant potential for future growth. The property's location in Union Grove, Alabama offers a convenient and accessible setting for tenants. This is a turnkey investment ready for a new owner.

Property profile
Verified
Property type Commercial real estate
Total area 2,820 SF
Lot 0.8 ac (34,848 SF)
UPID US03-0267809
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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