402 Green Briar Cove Rd Union Grove, AL 35175
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.