This farm has two uses: It has a cell tower with four carriers with a leasing income of $152,000/year. It also is an equestrian farm with a total of 55 acres. The bank barn has a climate-controlled environment for a hot/cold wash stall. tack room, 10 tack lockers, grooming area, clubroom, bathroom, and washer/dryer hook-up. Two additions feature (24) 12x12 stalls with rubber mats. Water and electric are accessible. There's a training barn with an office/tack room, feed/storage room, central matted tack area, (11) 12x12 stalls and (1) 12X14.5 stall with rubber mats and (6) with stall lights. Water and electric are accessible. There's an attached indoor arena (60x200). The pole barn (24x64) is on concrete. The equestrian area was leased out for $3600 per month but not in operation at the moment. On the southern eastern end of the property there's very old stone house which is not habitable. On the north end of the property there is a perc site for a future home. The driveway will have a shared maintenance agreement with two other property owners, The valuation of the property was considered on the basis of about $600,000 on the equestrian farm (7.1 % cap rate) and $2.4 million on the cell tower leases (7.1 % cap
This farm located at 4240 Jefferson Pike, Jefferson, MD 21755 is currently listed for sale with an asking price of $3,000,000. This property was built in 1860 and with 1640 sq. ft. Jefferson Pike is located within the FREDERICK COUNTY PUBLIC SCHOOLS school district. Search Jefferson real estate on www.homesale.com today.
Agency Name: Long & Foster Real Estate, Inc.
Agency Phone: 2404518333
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
Estimated Payment$ 13,926.38 per month $11,457.97 Principal & Interest $1,593.42 Property Tax $875.00 Homeowner's Insurance