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Listing Price: $280,500
Location: Pershing & Humboldt Counties
Acreage: 800 Total Acres Including 11% ROI on 600 Acres
Developer is offering 800 acres in a portfolio sale with 600 acres already sold to third-party buyers under seasoned contracts producing $2,583 per month income ($30,996 annually) for approx. 13 years. The remaining 200 acres has been surveyed and subdivided with recorded maps; One (1) parcel is 80 acres in Humboldt County, and five(3) parcels are 40 acres each in Pershing County.
The purchase price includes not only the 200 acres but also 600 acres sold via seasoned contracts to 3rd party buyers worth $304,834. With a purchase price of $280,500 this equates to a 11% return on investment. The total approximate income over the life of the contracts would be $402,948.
The remaining 200 acres that are not under contract, consist of one (1) 80 acre parcel located approximately an hour northwest of Winnemucca in Humboldt County and three (3) 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 11% return on investment!
The entire portfolio which includes 800 total acres and the existing contracts on 600 acres, is offered for sale at $280,500.