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Updated about 7 years ago on . Most recent reply

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19
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2
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Ryan Cartier
  • Mandeville, LA
2
Votes |
19
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Looking at a piece of property that has a tower on it.

Ryan Cartier
  • Mandeville, LA
Posted
I am looking at a piece of property that has a tower directly adjacent to our town fire department. The property is owned by bell south mobility and they have a tower and generator. That is all this property is. It is not an attractive idea, but then I started thinking that if the property is inexpensive could I possibly make $$ on the tower itself. It is currently managed by Crown Castle

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4,609
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,990
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4,609
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

@Ryan Cartier,

Is the entire installation for sale or just the land under it?

If they no longer use the tower it could be quite the white elephant.

If they still use the tower but the land is for sale, make sure the lease income pays for the land and leaves a profit.

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