Contact Us
Details
Attention investors! This beautiful, flat, class 2, tillable farm with great production history, experienced tenant, and oil royalties on 2 producing wells, is the perfect addition to your portfolio! Comprised of 100% class 2 soils made up of Tarver loam, Carway and Carbika soils, the NCCPI averages and actual production history are strong. Conveniently located right off US Highway 50 west of Hutchinson or just 1.5 miles east of Burrton on well-maintained South Woodberry Road, the land is easy to access. The seller has 5/8 of the 12.5% Oil Royalties intact and will transfer with the purchase of the land. The tenant is local, has a long successful track record with this parcel and farms a lot of land in the area. The current agreement is a 1/3, 2/3 crop share agreement producing great farming income to the owner in addition to the strong oil production of over 4,000 barrels a year for the last 6 years. The combination of oil and farming income generates a solid 4% +/- return on your investment!PROPERTY FEATURES
PROPERTY DETAILS
Street Address: 00000 K50 Hwy
City: Burrton
State: Kansas
Postal Code: 67020
County: Reno
MLS Number: 51247
Courtesy of Midwest Land Group, LLC
City: Burrton
State: Kansas
Postal Code: 67020
County: Reno
MLS Number: 51247
Courtesy of Midwest Land Group, LLC
Courtesy of Midwest Land Group, LLC
