Investment Land Property - $40,000 income for 19 years
Description
Passive income with no upkeep costs, and long term tenant income. 100 acres.
- Property is currently zoned agricultural - Existing lease for habitat set aside program per MNR requirements, paying $32,500.00 per year
- Habitat set aside lease is mandated per MNR, to ensure that local commercial solar development has sufficient set aside land for species impacted by the project. Property is available for farming use for hay in August.
- Lease has 19 years remaining on term - lease is insured through a third party insurance company to provide for continued funding of the lease, in event of any default by the lessee.
- Second lease for $8,000 per year over same term as primary lease for farming rights
- Total annual cash rents of $40,500 per year, ($400 /acre), less approx $495 of property taxes
If interested, please email, or call James at 613-291-2564.
- Ad Type: Offering
- Size (acres): 100
real estate | land for sale
2021-02-10