177.97 Acres in Hopkinsville, KY - $949,000
Income producing investment property with excellent hunting! A beautiful 3200 sqft custom made log home with phenomenal views is the focus of this excellent property. A great property with several years of proven income production makes this a very attractive property for not only a hunting property, but, an investment with excellent returns. A mixture of timber, CRP, tillable, and pasture ground make this an outstanding combination farm. Just a few miles outside of Hopkinsville this property has been a consistent income producer over the years and provides for an excellent investment opportunity.
Property Features:
- Just a few miles Northeast of Hopkinsville, 1 hour 30 minutes to Nashville
- A beautiful 3200 sqft custom log home is the centerpiece of this property
- Boasting 4 bedrooms, 5 bathrooms, and sleeping quarters in the basement this property can sleep up to 14 people
- County wat...
- County water, central heat and air, full kitchen, electric, septic, and all the modern conveniences of home
- Owner has privately rented the cabin out since 2009 and has averaged over $30,000 annually since 2012
- Currently rents for $290 per night and rents for 100-120 nights per year
- Cabin has been used in the past to house hunters for an outfitting business and is laid out perfectly for that in future
- 106 acres of open land with 25 being tillable (cash rented for $125 per acre) with 60 acres in CRP earning $5,288.00 annually
- CRP contracts expire in 2017
- Remaining 21 acres is in pasture and around the cabin
- A percentage of the property is in timber, some timber value
- Need to get a forester to perform a timber cruise to get an accurate figure
- 4 Small ponds and a large pond that is 2.5 acres, on the property for fishing and water for wildlife
- Currently there is a hunting lease on 138 acres of the property for $2,760.00 annually; this same group rents the cabin for 2-3 weeks out of the year
- Total income from tillable, CRP, hunting lease, and cabin rental has averaged $45,000.00 annually for the last 2-3 years
- Located in an excellent part of the state as it pertains to hunting
- Christian County is historically the number 1 B&C County in the state
- Allowing some of the CRP fields to turn into early successional and the addition of some strategically placed food plots this farm could be a gem
- With yearly incomes of $38,000.00 - $47,000.00 this farm provides an excellent investment opportunity
- Great investment for those looking to diversify their investment portfolio
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