402 Greenbriar Cv Rd Union Grove, AL 35175
- Commercial real estate
- 2,820 SF
- 0.80 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 402 Greenbriar Cv Rd
- Lot size
- 0.80 lot acres
- Property size
- 2,820 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Union Grove
- County
- Marshall
- State
- Alabama
- Longitude
- -86.5408465
- Latitude
- 34.437512
