803 Riverside Drive, Columbia, TN
$440,000
803 Riverside Drive, Columbia, TN 38401
1.23 acres
Lot Area
11
Units
Details:
Description:
Highly visable 1.23 ac site in Riverside area of Columbia including a Single Family Home and Mobile Home park. Current Zoning is CD3. All surrounding properties are CD3 except for 1 property, which is CD4. Mobile home units are on permanent foundations with skirting.
Riverside area of Columbia is growing in popularity among residents in Columbia as shown by increased property prices.
$104,000 Gross Income - 5% for vacancy and credit loss = $99,320
$52,846 Expenses includes 5% for Property Management and 5% Reserves
NOI $46,474 Cap Rate 10.56%
Property includes:
7 (1) Bedroom Mobile Homes
1 (1) Bedroom Mobile Home that is partially livable
1 (2) Bedroom Mobile Home
1,718 sq ft Single Family Home
1 additional Mobile Home is used as a storage building
1 unlivable mobile home unit
Each unit that is occupied pays $200/weekly.
Documents:
| Title | ||
|---|---|---|
| 803 Riverside Drive, Columbia financials - Sheet1 (1) | ||
| CD-3 Zoning 803 Riverside | ||
| 803 Riverside Drive, Columbia financials - Sheet2 (1) |
Location
Gallery
