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Flat Cleared Vacant Lot In Clarksdale, Mississippi.

United States /Mississippi, 38614,

Listing ID :

26950804
$3,000

View Agent's Properties and Profile:

John Liah

Contact Seller

Property Description

You are presented with a good opportunity to be a land owner at a low price. Use this rare opportunity to diversify your investment or build your portfolio. If you are still wondering if buying a vacant infill lot is a good move, then are the reasons you should buy a vacant lot in the city limits.

Investing in a vacant infill lot can be a smart decision for several reasons. Here are some of the key benefits:  


 1. Prime Location  

  - Infill lots are typically located in established neighborhoods, where infrastructure like roads, utilities, schools, and public transportation is already in place.  

  - These areas often have high demand for housing or commercial space due to their proximity to urban centers or desirable amenities.  


 2. Lower Development Costs  

  - Since the surrounding infrastructure is already developed, costs for connecting utilities (water, electricity, sewage) are usually lower compared to building on undeveloped land.  

  - There's no need to clear dense vegetation or prepare raw land extensively.  


 3. **High Appreciation Potential**  

  - Infill lots are often located in areas where land is scarce. As cities expand, the value of well-placed lots in developed areas can increase significantly over time.  


 4. **Development Flexibility**  

  - Infill lots can be used for a variety of purposes, such as residential housing, mixed-use development, or commercial projects, depending on zoning laws.  

  - Creative developers can maximize the potential of these lots by tailoring projects to meet local demand.  


 5. **Reduced Environmental Impact**  

  - Building on an infill lot avoids urban sprawl, which can lead to deforestation, loss of farmland, and increased commute times.  

  - Many municipalities encourage infill development as a way to promote sustainability and reduce environmental strain.  


 6. **Favorable Financing and Incentives**  

  - Some local governments offer incentives, tax breaks, or grants for infill development to revitalize older neighborhoods or underused areas.  

  - Favorable loan terms may also be available for projects on infill lots.  


 7. **Market Demand for Urban Living**  

  - Many people prefer living closer to city centers for shorter commutes and access to amenities. Infill lots allow developers to cater to this growing market demand.  


 8. **Lower Acquisition Costs**  

  - Compared to buying an already-developed property in the same area, purchasing a vacant lot is often more affordable.  

  - For investors, this lower upfront cost can result in higher long-term returns.  


 9. **Minimal Maintenance Before Development**  

  - Unlike buildings that may require ongoing maintenance, vacant lots have minimal holding costs until they're developed.  

  - This can make them a low-risk asset to hold while planning or waiting for market conditions to improve.  


 10. **Community Development Opportunities**  

  - Investing in infill lots can be an opportunity to revitalize and improve communities by replacing underutilized spaces with modern developments that meet local needs.  



Lot Features: 


APN: 40324146000E0000800

GPS Coordinates: 34.194744, -90.569357

Zoning: Residential

Terrain : flat

Property Type: Vacant Lot


Pricing: 


Discounted Cash price: $3,000


Seller financing options( Full Price) : 


$200 Down and $150 for 27 months


$200 Down and $200 for 20 months


$200 Down and $250 for 16 months


No prepayment penalty. Early payoff is perfectly fine with us. 



Documentation and recording fees: $300


Important Notice: Buyer is responsible for performing their own due diligence in researching the property for sale. All buyers should verify all information, contained herein or not, including access and utility accessibility and costs, and perform physical visits to the lot in order to satisfy themselves as to its accuracy. Seller is not responsible for any misinformation in this ad. All information is deemed reliable but not guaranteed. Property is sold As Is.

Attachments

Basic Details

Property Types:

Land, Mobile, Owner Financing

Listing Type:

For Sale

Listing ID:

26950804

Price:

$3,000

Features:

Internet, Satellite, Electricity

Address Map

Country:

United States

State:

Mississippi

County:

Coahoma County

City:

Clarksdale

Latitude:

34.1947522

Longitude:

-90.5706486