Property details
About 106 Reed Dr Unit 106
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.
Highlights
(Contingent)
Virtual tour
Summary
- List Price: $84,900
- Lot: Irregular Lot, Few Trees
- Directions: Merge onto US-31 S. Turn Left onto Co Rd 26. Turn Left onto AL-70 E. Turn left onto Industrial Pkwy. Turn Left onto Reed Dr.
- Lot Size: 5.43 Acres
- MLS Number: 21421653
- Office Name: ARC Realty Pelham Branch
- Office Phone: (205) 881-4506
- Office Email: pjackson@arcrealtyco.com
- Listing Agent: Ali Carson
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Last updated on: 7/24/2025, 2:45:41 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
5
Elvin Hill Elementary School
Public District KG-5
1.3 mi
•201 Washington St
8
Shelby Elementary School
Public District KG-5
7.8 mi
•19099 Highway 145
9
Wilsonville Elementary School
Public District KG-5
8.0 mi
•71 School St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,156. The majority of Columbiana, AL residents have income less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Monster Trucks
Where do the neighbors shop?
Academy Sports & Outdoors
Wal-Mart
Bass Pro Shops
Where do the neighbors go to eat?
Jimmy Johns
Hardee's
Applebees
What do the neighbors drive?
Chevrolet
Ram
GMC
What do the neighbors listen to?
New Country
Classic Country- Country
Frequently asked questions
About 106 Reed Dr Unit 106
The listing price of 106 Reed Dr Unit 106 property is $84,900.
The property 106 Reed Dr Unit 106 is land located in Columbiana, Alabama, 35051.
Accepting Backup Offers: 106 Reed Dr Unit 106 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 106 Reed Dr Unit 106 are: Elvin Hill Elementary School (GreatSchools Rating 5/10), Shelby Elementary School (GreatSchools Rating 8/10), Wilsonville Elementary School (GreatSchools Rating 9/10), Columbiana Middle School (GreatSchools Rating 4/10), Chelsea Middle School (GreatSchools Rating 9/10), Calera Middle School (GreatSchools Rating 3/10), Shelby County High School (GreatSchools Rating 3/10), Chelsea High School (GreatSchools Rating 7/10), Calera High School (GreatSchools Rating 5/10).
The property 106 Reed Dr Unit 106 is 5.43 acres.
This home is located at 106 Reed Dr Unit 106 in Columbiana, AL and zip code 35051. Features: 0 bathroom. It has been listed on Rocket Homes since June 11, 2025 and is currently priced at $84,900.
Columbiana, AL housing market in June 2025 saw over 3 listings sold above listed price, more than 3 sold at listed price and over 2 sold below. The number of listings in Columbiana, AL increased by 9.4% between May and June 2025. Listings spent 19 days on the market in June 2025, and had a median list price of $317,450 during the same period.