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    224 Mckenzie Rd

    Eastover, SC 29044
    • $414,750
    • STATUS: Active
    • ON SITE: 121 days
    • MLS #: 513774
    Price Reduced
    UPDATED: 13 min ago
    $414,750
    • 0
      BEDS
    • 88.79
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing courtesy of Re/Max Advantage Group.

    Description

    This is a 1st time offering. This 88.79 acre tract features aprox 35 acres of Loblolly pines and mixed hardwoods border the 2359 feet of creek frontage .There is a 1993 Plantation of Longleaf Pine that was thinned in 2016 and managed control burns for Pine Straw harvesting that produces annual Income.On the East side of VanBoklen there are approx 7 acres of mature Loblolly Pine ready for harvesting .The cell tower produces $930 per month in income and the the last potential buy out of the ground lease was $175. ( 5 Years ago the buy out offer was $145,000) there is a bump of income every 5 Years as well as buy-out value .This lease has been in place since 2004 and carries 5 renewal terms at 5 years per renewal term. With the present buy out of $170,000 and over $900 per month in income that kicks out an approx 7% return .Call your agent or me for details , Bud 803-730-5035

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    © 2021 Consolidated Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Home Advantage Realty, LLC. Data last updated: 2021-07-28T16:40:10.06.
    www.homeadvantagerealty.com/homes/115549273
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    224 Mckenzie Rd Eastover, SC 29044

    • Price: $414,750
    • Status: Active
    • Updated: 13 min ago
    • MLS #: 513774
    0
    Beds
    0
    Baths
    0
    ½ Baths
    88.79
    Acres
    Neighborhood:
    None
    County:
    Richland
    Area:
    Rural Richland Co Southeast - Ea
    Elementary School:
    Webber
    Middle School:
    Southeast
    High School:
    Lower Richland
    School District:
    Richland One
    Property Description
    This is a 1st time offering. This 88.79 acre tract features aprox 35 acres of Loblolly pines and mixed hardwoods border the 2359 feet of creek frontage .There is a 1993 Plantation of Longleaf Pine that was thinned in 2016 and managed control burns for Pine Straw harvesting that produces annual Income.On the East side of VanBoklen there are approx 7 acres of mature Loblolly Pine ready for harvesting .The cell tower produces $930 per month in income and the the last potential buy out of the ground lease was $175. ( 5 Years ago the buy out offer was $145,000) there is a bump of income every 5 Years as well as buy-out value .This lease has been in place since 2004 and carries 5 renewal terms at 5 years per renewal term. With the present buy out of $170,000 and over $900 per month in income that kicks out an approx 7% return .Call your agent or me for details , Bud 803-730-5035
    Exterior Features

    Lot Size 1351X1213x3012x2359 +6.81 Road Frontage 1351+1231+1101 Road Surface Paved Road Type County Structures Other Topography LevelOtherPart WoodRollingStreamWetlandWooded Water Frontage 2349 Water Frontage Type Creek

    Property Features

    Avail Financing CashConventional Foreclosed Property No Land Type Acreage Miscellaneous Horse Ok Mobile Allowed Yes Sewer None Short Sale No Water None

    Listing information © 2021 Consolidated Multiple Listing Service, Inc.
    Listing provided courtesy of Re/Max Advantage Group.



    © 2021 Consolidated Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Home Advantage Realty, LLC. Data last updated: 2021-07-28T16:40:10.06.
     
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    Home Advantage Realty, LLC
    2615 Devine Street
    Columbia SC, 29205
    Listing courtesy of Re/Max Advantage Group.