8610 Triadelphia Rd Malta, OH 43758
This exceptional 169.56-acre property in Morgan County, Ohio, presents a unique investment opportunity. Located on Triadelphia Road in Deerfield Township, the land encompasses approximately 125+ acres of wooded pasture and fields. A smaller 1-acre parcel includes a single-wide mobile home with septic and public water access; however, the mobile home has been unoccupied for ten years and is considered uninhabitable by the seller, who assigns no value to it and will not make repairs. The sale includes any and all mineral rights owned by the seller. Two oil and gas wells are situated on the property: one on the larger parcel with minimal current production, and an older, abandoned well on the smaller parcel near the mobile home. The property's extensive acreage and wooded areas make it ideal for hunting. Note that some timber was harvested in 2005. Detailed maps are available upon request. The asking price is $1,081,200. This is a remarkable opportunity for investors seeking a substantial land holding with existing oil and gas resources in a desirable rural setting.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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