Leasehold property available in Captain Cook. 3 bedroom, 1 bath home on a 4.08 acre parcel of land.
The current lease expires 5/1/2025. It is out of compliance and subject to cancellation. Buyers are urged to thoroughly explore the terms and conditions of the lease transfer and assignment process with the lessors. The transfer process takes about 8 months. Note that this is an agricultural lease. Lessees are expected to meet production and income levels that are consistent with current commodity averages. The lease will terminate at Bishop Estate's option if these production expectations are not met.
** This is a Fannie Mae property