Wholesale Rural Land Northern Nevada
Listing Price: $265,000
Location: Pershing & Humboldt Counties
Acreage: 800 Total Acres Including 10% ROI on 520 Acres
Developer is offering 800 acres in a portfolio sale with 520 acres already sold to third-party buyers under seasoned contracts producing $2,208 per month income ($26,496 annually) for approx. 13 years. The remaining 280 acres has been surveyed and subdivided with recorded maps; One (1) parcel is 80 acres, and five(5) parcels are 40 acres each.
The purchase price includes not only the 280 acres but also 520 acres sold via seasoned contracts to 3rd party buyers worth $215,334. These contracts produce an income of $2,208 per month with a cash flow of $26,496 annually. With a purchase price of $265,000 this equates to a 10% return on investment. The total approximate income over the life of the contracts would be $344,448.
The remaining 280 acres that are not under contract, consist of one (1) 80 acre parcel located approximately an hour northwest of Winnemucca in Humboldt County and five (5) 40 acre parcels located in Packard Valley, Pershing County, approximately 20 minutes south of Lovelock. These parcels are available to sell at a minimum of $400 per acre or could be kept as personal real estate holdings.
This is an excellent opportunity for someone wanting to invest in the land business! It is a good investment in rural Nevada land with an existing portfolio income producing an 10% return on investment!
The entire portfolio which includes 800 total acres and the existing contracts on 520 acres, is offered for sale at $265,000.