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Anderson Hwy
Cumberland, VA 23040
Asking Price
$1.90M
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 446.51 acres <ul><li>Excellent land investment opportunity located just east of the Cumberland Courthouse with frontage along Anderson Hwy (US60) and Maxeys Mill Rd (CR646) and Old Buckingham Rd (SR13)</li><li>Zoned R2/A2 with solid road system throughout and varied terrain</li><li>Timber comprised of 36+/-acs to replanted this year, 142+/-acs currently being harvest with the remaining balance in mixed hardwoods and natural pines</li><li>Productive wildlife habitat as well</li><li>Comprised of three tax
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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96
