Exceptional 40 acre development site, with multiple walkout elevations and desirable pond sites in sought after Rochester School District on paved Stoney Creek Road. Natural gas at road. Across from new subdivision development. Myth Golf Course is just across the road. Township density for this property is 1.4-acre low residential density which adds great development potential. Currently has a 3 bed, 1.5 bath home on the property vacant with tenants. Rented for $2,000 per month and tenants can stay or leave with 30 day notice. Also has a 5 year renewable lease from Verizon, for $1,700 per month providing a continuous cash flow (value with a cap rate of 6% is $283,000). Rare investment opportunity for development, short term residential lease and long-term cash flow from Verizon lease. Both leases provide owner with $44,000 per year. Unlimited options!

Date Added: 7/14/21 at 4:00 am
Last Update: 12/15/21 at 10:05 pm

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