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Lincoln County Recreational Investment Property

$170,000
  • Recreational
  • CRP/CREP
Notice: NEW
Description: Lincoln County recreational hunting property with cash flow.
Location:

2.5 miles east of Wellfleet on graveled Burma Road.

Legal Description:

Part of W1/2 Section 12-T9N-R30W of the 6th P.M., Lincoln County, Nebraska.

Acres: 60
Taxes: 2018 Real Estate Taxes - $1,063.92
Property Description:

Lincoln County Assessor indicates a total of 60.00 taxed assessed acres. Farm consists of gravity irrigated cropland bid into the Government Conservation Reserve Enhancement Program (CREP) along with habitat pasture.

Farm Service Agency Information:

Total cropland - 54.30 acres. All cropland is currently bid into the Conservation Reserve Enhancement Program (CREP). Annual payment - $9,231.00 / Contract term 9/2019 - 9/2029 Contract expires September 1, 2029. (Farm is awaiting final approval of this contract from the Farm Service Agency.) All cropland considered non-highly erodible by the NRCS.

Irrigation Information:

Water for irrigation is provided by a well located west of the property with access via a deeded easement.
Well Information:
Well Registration :G-031725
Completion Date :05/26/1969 at 1,200gpm
Well Depth :252’
Static Water Level : 88’
Pumping Level :153’
Column : 9”

Soils:

Cropland soils consist of very productive Class II and III Holdrege silt loams with slopes of 1- 7% while soils of the habitat pasture consist of Coly and Hobbs silt loams with slopes of 3- 60%.

Price: $170,000
Comments:

Property has been re-enrolled in the Government Conservation Reserve Enhancement Program (CREP) with the grass already well-established. This property has good cash flow and excellent recreational amenity (i.e., hunting with it being home to numerous wildlife). This property offers very good return on investment for the next 10 years after which the owner could continue as is or convert to irrigated cropland.