NORTH COUNTRY SPECIALTIES

 

This property is located about a mile down a dirt road if driving on dirt roads does not appeal to you
then don't bother any further, delicate flowers need not inquire this place is for strong willed people that like their privacy

5 acre Rental Lot for sale

Tenants Own the Mobile Home no worries on maintenance on the Mobile


Currently have stable tenants that have been there over five years
Lot rent is currently at $350.00
Property has 1500 gallon cistern for water for no worries on unpaid water bill when renter leaves
Septic system installed
DSL internet available
Natural Gas installed
Partially fenced for horses
Country setting with good views of the little belt mountains
Hard to beat only maintenance to worry about is water pump tenant owns mobile on property

$350.00 a month return for $60,000.00 investment is better than the stock market

the return for this investment is 7.0% gross and about 6.5% after property taxes annually

even at $80,000 on contract for deed the return is better then 5% gross annually

this property is ideal for an investor that does not have time for typical rental maintenance


Property is free and clear of any liens

will do contract for deed at

$70,000 with $20,000 down payment at 6% interest monthly payment at 30 years = $299.78 or 15 years = $421.93
$80,000 with $10,000 down payment at 6.5% interest monthly payment at 30 years = $442.45 or 15 years = $609.78