Gray’s Creek Timber Co, 1391 Acres Destoto County, Mississippi
Contact Agent:Bill Gates 901-488-0368 Lake Gates 901-493-5925
Approximately 5 miles SE of Hernando, off Getwell Rd, on the Coldwater River.
30 minutes from Memphis
Property is made up of river front hardwoods & willows with approx. 1000 acres hardwoods planted in the CRP program paying $50,000.00 per year.
There is a loan balance of $157,597.66 @4% interest with annual payments of $42,024.00. This loan is presently paid with the annual CRP payment and is due to be refinanced after 3/20/2018 payment with a balance of $121,902.55.
The highly diverse habitat holds big Deer & Turkey with excellent kill results, and has numerous willow holes and flats that flood up from the Coldwater River for good Duck Hunting. Members are allotted sites for personal houses.
3 shares from one owner, offered at $975,000.00 total. Owner will consider offers for separate share sales. 1 additional share available (with Cabin) for $389,000.00
Gray’s Creek Timber Co, 1391 Acres Destoto County, Mississippi – Location Map
Gray’s Creek Timber Co, 1391 Acres Destoto County, Mississippi – Aerial Photo