Income producing property with a cell tower lease in place producing $700/month, and in 10 years, each 5 years thereafter the lease increases 7%. With 31 acres+/- of planted pines, the subject has both a wooded area, and a large fenced pasture which is currently used for cattle. The slow rolling hill pasture has its own water source with natural spring for cattle and wild life. Excellent visibility for hunting exists on the property along with an old home that could possibly become an onsite hunting camp. The property includes three parcels, with an 80, and 27+/- acre parcels being adjacent to each other with road frontage, and a 31+/- acre parcel being just 1/4 mile east of the subject with access via a dirt road that adjacent to and curving behind the subject. Excellent pond site with flowing spring.
- MLS® #262808
- TypeLand & Lots
- Sub-TypeLand, Land
- ElementaryNot Baldwin County
- HighNot Baldwin County
- Listing OfficeBledsoe Realty
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Listing information last updated on May 21st, 2019 at 12:00am CDT.