208 E College St

Columbiana, AL 35051
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2 bd, 2 ba | 1,991 sqft | Built in 1910

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List Price
$277,350

Initial Investment

$75,578

Purchase Price

$277,350

Down Payment

25%

Rent

$2,380

Total Return

$128,312

Annualized Return

23.7%

Cap Rate

7.4%

Gross Yield

10.3%

Cash Flow

$4,372

Appreciation

6.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

21,500

HOA

None

Flood Risk

Not Required

Welcome to your charming retreat in historic downtown Columbiana! This beautifully updated 2-bedroom, 2-bath home, once a 3-bedroom, features gleaming original hardwood floors and an open living concept that blends nostalgia with modern updates. Accessible from Carter Street or East College St., the property is surrounded by large, old oak trees, enhancing its quaint, inviting atmosphere. Host to City of Columbiana's chamber and local club events, the home has seen one of its walls removed for additional space but can easily be reverted to a 3-bedroom layout. Step into the updated kitchen with modern appliances and stylish finishes, and enjoy the renovated bathrooms with contemporary elegance. The new deck offers perfect space for outdoor gatherings and relaxation. Beyond your charming abode, immerse yourself in the vibrant community spirit with Main Street's lively events like the annual Liberty Day and "Sunsets, Music & Market" Fridays. Call today for your private tour!

See more in Analysis
Ben Preston
LAH Real Estate
AL Agent License #840-10

Annual Financial Highlights

Expected Rent

$27,132

Expenses

-$5,182

Property Taxes

-$2,500

Loan Payments

-$15,078

Net Cash Flow

$4,372

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Matt Williams
ARC Realty Cahaba Heights
Certified Agent Brokerage:Ben Preston
LAH Real Estate
AL Brokerage License 100333-0
SourceGreater Alabama MLS
MLS #21392804
Last Updated: 07/26/2024 05:07
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