320 Acres in Platteville, CO - $3,400,000
Exceptional income producing property situated on 320 acres. The monthly revenue is $25,430. This investment grade property features 6 homes that stay rented consistently each with their own electric meter. The sellers have also rented out all of the shops situated on the property as well as the farm ground. The farm ground lease brings in $10,000 a month and is used for land application. The northeast and the southwest turkey barn have full concrete floors and electric service. There is potential to increase the rental income by finding renters for the large, retired turkey barns and another building on the southwest corner of the property can be rented. There is a USR on 80 acres of the property allowing for oil and gas support service allowing for outside storage. This parcel also boasts the 2.5% UPRR surface owner's payment for all oil and gas produced. There are new horizontal wells...
Exceptional income producing property situated on 320 acres. The monthly revenue is $25,430. This investment grade property features 6 homes that stay rented consistently each with their own electric meter. The sellers have also rented out all of the shops situated on the property as well as the farm ground. The farm ground lease brings in $10,000 a month and is used for land application. The northeast and the southwest turkey barn have full concrete floors and electric service. There is potential to increase the rental income by finding renters for the large, retired turkey barns and another building on the southwest corner of the property can be rented. There is a USR on 80 acres of the property allowing for oil and gas support service allowing for outside storage. This parcel also boasts the 2.5% UPRR surface owner's payment for all oil and gas produced. There are new horizontal wells currently being drilled and the sellers have been offered $600,000 to sell their minerals. The potable water lines could use upgrading and the seller is willing to work out a credit to the buyer if they aren't upgraded by closing. ALL PERSONS ENTERING THE PROPERTY MUST BE ESCORTED BY AGPROFESSIONALS.
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From Hwy 85, south on CR 35 approximately 5.5 miles to CR 36 and then west
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More by Ryan Hostetler
