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0 Mill Iron RD Goodview, VA 24095
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Key Details
Sold Price $500,000
Property Type Vacant Land
Sub Type Undeveloped
Listing Status Sold
Purchase Type For Sale
Subdivision Na
MLS Listing ID 895405
Sold Date 10/18/23
Annual Tax Amount $1,475
Lot Size 110.990 Acres
Acres 110.99
Property Description
Beautiful mountain property with quality road frontage located just a short drive from Route 24 and Smith Mountain Lake. Seclusion, amazing views, potential building sites, and a convenient location await the new owner. Own your own mountain with a gated entrance and gravel road. The well hidden cell tower on the property will earn a steady revenue stream of $1075 per month which goes up 3% yearly, and we have already had offers of 240k to purchase the cell tower lease, so that opportunity awaits the new owner. Timber Value 200k documented timber cruise!The property is listed at 625,000 and it returns 240,000 immediately and has another 200,000 in timber asset value. That is the equivalent of paying 185,000 for 111 acres, or 1,665 per acre!High speed internet, electric on site!
Location
State VA
County Bedford County
Area 0600 - Bedford County
Zoning A-R
Exterior
Pool Underground Util
View Mountain, Sunrise
Building
Sewer None
Water None
Schools
Elementary Schools Bedford
Middle Schools Other - See Remarks
High Schools Other - See Remarks
Others
Tax ID 193A86
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Bought with WHITETAIL PROPERTIES REAL ESTATE LLC