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$ 375,000
Est. payment /mo
Active
00000 250 Rd Neodesha, KS 66757
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11991389
Property Description
A land investment that beats bank returns is exceedingly rare. With substantial oil income, cash rent from tillable cropland, and the potential to lease for hunting, this property manages to do it handily. Conveniently just outside the charming, small town of Neodesha, Kansas is where you can find this 63.7 acres. It has open road access on two sides, and sits close to two state highways. This property lies above the Neodesha Sands formation, theoldest continuously producing oil field west of the Mississippi River.The acreage has been leased to oil companies since 1907 according to county records, including at one time toHarry F. Sinclair himself. The oil production remains strong, producing royalties of approx $8k per year the last 2 years. With majority Class II Verdigris silt loam soils, the farming on this property is perfect for soybeans, corn, and wheat. The current tenant farmer is paying good market cash rent for the property (no expenses to landowner) and there is a great-looking stand of soybeans currently on it. Although the majority of this property is open tillable ground, there is a wet weather creek that runs along the east side of the property. This area is prime recreational ground for hunting, fishing, or exploring. The hunter should pay special attention to this area of the farm as the mature trees along the creek would make a great ambush spot for deer. The travel corridor along with food from the crops makes it a favorite hangout spot for whitetails. One could also easily lease it out for additional income. This uncommon 63.7 acre tract has a whole lot going for it! 63.7 Acres Near Neodesha, Kansas Strong Income-Producing Land Investment Established Row-Crop Income from Tenant Farmer Productive Verdigris Silt Loam Soils Wet-Weather Creek Along East Side Multiple Income Streams from One Property Great Recreational & Investment Opportunity
Location
State KS
County Wilson County
Rooms
Kitchen 0