County Road 23

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County Road 23

Vina, AL 43943
Asking Price
$360K
Asset Type
Land
Class
Class B

What's Special

County Road 23 in Vina, Alabama, is situated in a rural portion of Franklin County, characterized by a mix of timberland and agricultural properties. The site is positioned near the intersection of Highway 19, providing logistical connectivity to regional hubs like Red Bay and Hodges. The surrounding area features low-density development, consisting primarily of private residences and expansive farms. Essential local amenities are accessible in the neighboring town centers, while the location offers a quiet, undeveloped setting with direct road frontage. The property is suited for agricultural cultivation, timber harvesting, or private recreational use. Given the geographic profile, ideal users include individual investors seeking long-term land holdings or local operators looking to expand farming acreage. The terrain support potential for residential homesteading or light utility placement. A typical occupant would be a regional entity or owner-user requiring significant acreage with minimal existing infrastructure and private access in a secluded rural environment.

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NOI
$80,000
Cap Rate
22.22%
DSCR
3.74
Strong
Cash-on-Cash
54.28%
Monthly Payment
$1,781.084
Annual Cash Flow
$58,626.997

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