Sold
Mountain Property With A Convenient Location
Acreage
110.99 ±
County
Bedford
SOLD
Address Mill Iron Road, Lot#WP001 Goodview, VA 24095
View on Google MapsDescription
Located just a short drive from Route 24 and Smith Mountain Lake you will find this beautiful mountain property. Seclusion, amazing views, potential building sites, wildlife, and a convenient location await the new owner. As you enter through the gated entrance an established gravel road will lead you to the top of the mountain where you will find a beautiful forest with mature timber and some of the best views the area has to offer. Also, the lay of land makes it very usable, especially up top. Enjoy various recreational opportunities such as hunting, hiking, and atv riding. A cell tower is currently located on the property that will provide a steady revenue stream of $1075 per month, and this increases 3% annually. We have also been offered 240,000 from several companies to purchase just the cell tower lease, so that opportunity will be available to the next owner. A copy of the cell tower land lease agreement available upon request. We had a timber cruise done and documented which shows the timber value on the property to be above 200,000. The property is conveniently located to Smith Mountain Lake, Moneta, Roanoke, and Bedford. Don’t miss this opportunity to have your very own mountain retreat. So to recap, you get your own mountain, with a ton of usable land, money directly deposited each month into your account for being the new owner, really good timber value, electricity and high speed internet on site, amazing views, and close to everything! Please contact us today to schedule a private showing.
Property Value Breakdown: The property is listed at 625,000 with the potential to return 240,000 immediately and another 200,000 worth of timber value. This is the equivalent of paying 185,000 for 111 acres or 1,665 per acre. That equates to a needle in a haystack in Bedford County Va.
Details
- Secluded
- Potential building sites
- Beautiful views
- Plentiful wildlife frequent the area including deer, turkey, and various species of small game
- Excellent hunting opportunities
- Conveniently located to Smith Mountain Lake, Moneta, Roanoke and Bedford
- Steady revenue stream of $1075 per month from the cell tower lease
- Over 200k timber value supported with a recent timber cruise
- Zoned A-R
- A copy of the Timber Cruise report can be found in pictures
Summary
Land Type
Hunting and Recreational, Timberland
Land Details
Timber
Property Type
Recreational Land, Timberland, Hunting Land
Improvements/Features
Small Game, Big Game, Predators, Internal Road System, Gated Entrance
Land and Farm Property Types
Land - Hunting, Land - Recreational, Timberland - Natural
Other Property Details
Coordinates
37.224, -79.7251
Annual Taxes
$0
Sold Property
For more information or to see additional properties currently for sale see Jeff Phillips's listings.