Description
OWNER WILL FINANCEFormerly known as Serenity Farms, now known as Hitch Stables, which sits on approx. 30 acres, has an approx. 39,000 sf. Arena for Horse, and other animal shows, Three (3) large Barns, with one being under contract with a Horse Trainer, and Boarder, that has been on premises for only Six (6) months, and has so far rented 15 stales at ($300.00/head, or $4500.00 per month or $54,000.00 annually. This Barn/Stable, has 50 stales to be rented, with a Pro-Forma Income of ($15,000.00 per month, net to the Buyer of this property.Six (6) enclosed Padox Arena's, for Horse and other animal shows, or for safe, controlled keeping.Twice (2ce) a Year, there are Two (2) main events for Horses, and Buyer would receive an additional ($25,000.00) dollars, total paid by a Horse Membership Association. Pro-Forma Income on the other 208 Animal Stables, could be ($300.00) per animal, totaling $77,400.00 per month at 100% occupancy. Therefore, its prudent to hire a Property Management team to market this potential income stream, that is possible, due to the improvements that are in place.A 2,000 square foot home has just been 100% renovated, that is on the property. In the event the Buyer would want to build a large Home, there is plenty of acreage in the rear for future development.
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0BEDS
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30ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
OWNER WILL FINANCEFormerly known as Serenity Farms, now known as Hitch Stables, which sits on approx. 30 acres, has an approx. 39,000 sf. Arena for Horse, and other animal shows, Three (3) large Barns, with one being under contract with a Horse Trainer, and Boarder, that has been on premises for only Six (6) months, and has so far rented 15 stales at ($300.00/head, or $4500.00 per month or $54,000.00 annually. This Barn/Stable, has 50 stales to be rented, with a Pro-Forma Income of ($15,000.00 per month, net to the Buyer of this property.Six (6) enclosed Padox Arena's, for Horse and other animal shows, or for safe, controlled keeping.Twice (2ce) a Year, there are Two (2) main events for Horses, and Buyer would receive an additional ($25,000.00) dollars, total paid by a Horse Membership Association. Pro-Forma Income on the other 208 Animal Stables, could be ($300.00) per animal, totaling $77,400.00 per month at 100% occupancy. Therefore, its prudent to hire a Property Management team to market this potential income stream, that is possible, due to the improvements that are in place.A 2,000 square foot home has just been 100% renovated, that is on the property. In the event the Buyer would want to build a large Home, there is plenty of acreage in the rear for future development.
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© 2024 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Robin Group of Keller Williams Realty Services. Data last updated: 2024-10-04T23:34:50.017.