0 Hwy 125, Scotland Neck, NC 27874 - Halifax County

The Hale Farm is a good investment for anyone looking to park some money into land. Of the total 199 acres, approx. 92 acres is in tillable land with the balance in mostly merchantable timber. The owner is willing to rent back the cleared land to continue his farming practice, which provides an immediate return between $9,000 to $10,000 per year. A second income stream is available through the hunting lease between $2,000 to $3,000 per year.

The timber on the property was cruised in July of 2009 and awarded a value range of $55,000 to $75,000. It could be harvested immediately if desired ultimately lowering the basis in the property. The alternative would be to manage for future harvest as the timber markets hopefully improve.

This area of Halifax County is well known for the deer population. So the forth source for a return on your investment could simply be personal enjoyment.

There is also some flexibilty on how a deal can be structured. The farm can be purchased as a whole, the land could be bought with the seller retaining a timber deed or the seller may consider a lower price in exchange for a few years of free farm rent.

So give us a call if you are looking to invest in land that can immediately go to work for you.