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Meherrin Rd
Meherrin, VA 23954
Asking Price
$1.60M
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 347.6 acres <ul><li>Strong timberland/recreational investment fronting Meherrin Rd (CR630) with deeded access to Mt. Pleasant Rd. (CR633) from the south and west</li><li>Timber is comprised of 94+/-acs of planted pines (‘94), 66.6+/-acs of planted pines (‘18), 55.5+/-acs of planted pines (‘24) with the remaining 134+/-acs in mature hardwoods and natural pines</li><li>Property lays well with varied terrain and favorable soils</li><li>Very productive wildlife habitat with a feeder creek of the Bush River
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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124