Sold
Investment Farm With Timber Ready To Cut Near Walstonburg NC
Acreage
157.91 ±
County
Greene
SOLD
Address Cupelo Road, Lot#WP02 Walstonburg, NC 27888
View on Google MapsDescription
!! PRICE REDUCED!! Have you been searching for a farm that could pay you to own it!!! We have located it for you. This farm has a total of $127,500 in timber value that is ready to cut. You could buy the farm and start making money on the day of closing. Not to mention it has 13+/- acres of tillable farm ground currently renting for $1,170.00 annually and a hunting lease that yields $790.00 annually. Both these rates are well below the average in the area and could immediately be raised to yield a higher income immediately upon closing. There are several areas on the farm that could be used as home sites and there are already trails in place allowing easy access throughout the farm by horseback or ATV. If you are a hunter, there is wildlife sign all over the farm. While on the farm today, I located multiple bear tracts and observed hundreds of deer tracks in the farm fields. Located just minutes outside the city of Farmville, this farm is convenient to town, amenities, stores, and restaurants. Not to mention it is just over an hour from Raleigh and minutes from Greenville and the coast. $12,000 is the current timber value for this +/- 43 acres (about $275 per acre more or less). The +/- 43 acres of 8 year old, superior quality pines have little merchantable value now due to their size, but if managed using sound forest management, have the potential to increase harvest revenues by an additional 30-40%. Don’t wait on this one, the seller will sell in two parcels or as a whole. Call us today!!!
Details
- $127,500 in current 40-year-old timber
- Annual income from farm fields and hunting lease
- Ample road frontage
- Tons of wildlife including bear, deer and turkeys
- Shooting lanes and trails in place
- 3 phase power at the road
- Convenient to Farmville, Greenville and Raleigh
- 1 +/- hour from the beach
- Multiple possible homesites
- $12,000 is the current timber value for this +/- 43 acres (about $275 per acre more or less).
- The +/- 43 acres of 8 year old, superior quality pines have little merchantable value now due to their size, but if managed using sound forest management, have the potential to increase harvest revenues by an additional 30-40%
Summary
Features
Tillable, Wild Game, Whitetail, Turkey, Improvements, Food Plot, Investment, Bear, Minerals, Big Game, Other Game, Roads, Road Frontage, County Road, Road Access, Pavement, Tillable / Production Acres, Pine Trees, Soybeans, Peanuts, Hunting Improvements, Recreational Improvements, Trail Network, Farming Improvements, Leveed Fields, Infrastructure Improvements, Internal Road System, Building Improvements, Gated Entrance, Activities on Property, Hunting, Hiking, ATV Riding, Horseback Riding, Camping, Family Activities, Biking, Seller's Mineral Rights Convey
Land Type
Hunting and Recreational, Timberland
Land Details
Tillable
Road Surface
Pavement
Property Type
Recreational Land, Timberland, Hunting Land
Road Frontage
County Road
Improvements/Features
Big Game, Food Plot, Trail Network, Internal Road System, Gated Entrance, Seller's Mineral Rights Convey
Land and Farm Property Types
Land - Hunting, Land - Recreational, Timberland - Natural
Other Property Details
Coordinates
35.5636, -77.6757
Annual Taxes
$599
Sold Property
For more information or to see additional properties currently for sale see Scott Hicks's listings.