2306 CUNNINGHAM DR

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2306 CUNNINGHAM DR

OPELIKA, AL 36801-6806
Asking Price
$1.25M
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential development land spanning 7.6 acres for sale
  • Located within the growing Opelika market in Alabama
  • Property features existing timber coverage and one house
  • Asking price for this development tract is 1,250,000 dollars
  • Suitable site for future residential community or subdivision projects

What's Special

For sale, this 7.6-acre residential land tract in Opelika, Alabama, presents a functional site for developers or investors targeting the local housing market. The property is positioned within a growing area of the city, benefiting from the broader economic expansion currently seen throughout the Auburn-Opelika metropolitan region. This region maintains a steady population growth trend, supported by diverse local industries and regional connectivity via major interstate corridors. The site is currently timbered and includes an existing house. These features provide a clean slate for residential development projects, ranging from single-family subdivisions to customized housing communities. Its size and location offer practical utility for those seeking to capitalize on the increasing demand for residential inventory in the region. Prospective buyers will find the acreage suitable for various land-use configurations tailored to current market needs.

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NOI
$80,000
Cap Rate
6.40%
DSCR
1.08
Tight
Cash-on-Cash
1.54%
Monthly Payment
$6,184.318
Annual Cash Flow
$5,788.184

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