224 Mckenzie Rd

Estimated Monthly Payment: $2,052/mo 224 Mckenzie Rd, Eastover, 29044 MLS# 513774 LAND Listing Status: ACTIVE
23
1
0
0

REMARKS:

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 5 acres of mature Loblolly Pine ready for harvesting .The cell tower produces just over $900 per month in income and the the last potential buy out of the ground lease was $165,000, ( 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 $165,000 and over $900 per month in income that kicks out an approx 7% return .

OVERVIEW:

LAND
ACTIVE
Rural Richland Co Southeast - Ea
88.79
1351x1213x3012x2359 +6.81
Level,Other,Part Wood,Rolling,Stream,Wetland,Wooded
Creek
2349

SCHOOLS:

Richland One
Webber
Southeast
Lower Richland

FINANCIAL:

$450,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of RE/MAX Advantage Group

 

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