- 54 days on site
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3-BR home situated on approx. 0.90 acre. This property offers plenty of space & potential. It does need some TLC. NOTICE to Purchaser's: IN lieu of a Transfer of Deed, Purchaser's will receive an Assignment of Leasehold Land for periods of 25 year increments. Taxes will be required to be paid annually to the Monroe County School District, which helps fund public education in the community. You also pay annual property taxes. The land must be occupied by the Lessee. It may not be subleased or rented to other parties who are not listed on the Lease Assignment. Purchasing a home on 16th Section Land is common throughout Mississippi. Buyers receive the rights & benefits associated with the existing lease & can enjoy the the property much like any other homeowner.
Source: Northeast Mississippi MLS, MLS#: 26-1178
