00000 East K50 Highway, Burrton, KS 67020 - Reno County

Attention investors! This beautiful, flat, Class 2, tillable farm with great production history, experienced tenant, and oil royalties on 2 producing wells, is the perfect addition to your portfolio! Comprised of 100% Class 2 soils made up of Tarver loam, Carway, and Carbika soils, the NCCPI averages and actual production history are strong. Conveniently located right off US Highway 50 east of Hutchinson or just 1.5 miles westof Burrton on well-maintained South Woodberry Road, the land is easy to access. The seller has 5/8 of the 12.5% oil royalties intact and will transfer with the purchase of the land. The tenant is local, has a long successful track record with this parcel, and farms a lot of land in the area. The current agreement is a 1/3, 2/3 crop share agreement producing great farming income to the owner in addition to the strong oil production of over 4,000 barrels a year for the last 6 years. The combination of oil and farming income generates a solid 4% +/- return on your investment!

For more information, answers to your questions and to set up an appointment to see this one in person, please contact Terry DeShon at (620) 727-7766. ** Financial verification is required before viewing the property **.

Property Features

-147.5 +/- total acres

-133.3 +/- acres Class 2 farm ground

-14 +/- acres of pasture and timber

-63% Class 2 Tarver loam

-37% Carway and Carbika soils

-2 producing oil wells

-4,000 barrels per year annual average consistently the last 6 years

-Experienced tenant in place with a 1/3, 2/3 crop share agreement

-5/8 of the 12.5% oil royalty owned will pass with the property

-Annual property taxes approximately $1,134.21

-ROI of approximately 4%