Sold
CREP Investment Property Near Larned Kansas On HWY 56
Acreage
143.06 ±
County
Pawnee
SOLD
Address Highway 56, Lot#WP001 Garfield, KS 67529
View on Google MapsDescription
How many times have you come across a property with over a 5% return on investment annually? It's very hard to find a property with a great return after taxes are paid, and input costs are applied. The program this property is enrolled in is called the Conservation Reserve Enhancement Program or "CREP" program. While this particular property's term lasts until 2035 and pays $24,393 annually, property taxes are approximately $1,064 annually. This property previously had water rights and pivot irrigation, the water rights have been retired, and the sprinklers removed. Once the term of this CREP program expires in 2035, the landowner can then convert this back to dry land farming or sign up for re-enrollment. The perimeter is fully fenced with highway frontage and also county road frontage. The planted habitat from the program creates some of the best upland bird cover in the area. Pheasants and quail are very plentiful, along with the occasional deer. Very seldom will you come across a property with this type o return. I suggest calling one of the listing agents today; this property will not last long!
Details
- Located on HWY 56 between Larned and Garfield, Kansas
- Annual income of $24,393, real estate taxes equal approximately $1,064
- Enrolled in the “CREP” program until 2035, 13 more years left until expiration
- Fully fenced perimeter, 4 steel gates and entrances
- Water rights and sprinkler have been removed
- Upland bird hunting is very good
- Mineral rights believe to be intact and pass
Summary
Land Type
Hunting and Recreational, Ranch and Farm
Property Type
Farms, Recreational Land, Hunting Land
Land and Farm Property Types
Agriculture - Farm, Land - Hunting, Land - Recreational
Road Frontage
State Highway, County Road
Road Surface
Pavement, Gravel
Fencing
Low
Land Details
Enrolled in Government Program
Improvements/Features
Small Game, Upland Game
Other Property Details
Additional Addresses
- Highway 56, Lot#WP001, Garfield, KS, 67529
- Highway 56, Lot#WP001, Garfield, KS, 67529
Coordinates
38.1282, -99.1729
Annual Taxes
$0
Sold Property
For more information or to see additional properties currently for sale see Mitch Keeley's listings.