CREP Investment Property Near Larned Kansas On HWY 56
Media
Summary
Property
- Type
- Farms, Recreational Land, Hunting Land
- Road Frontage
- State Highway, County Road
- Road Surface
- Pavement, Gravel
- Fencing
- Low
Land Details
- Enrolled in Government Program
Approximate Distances
| 3 mi | to Larned |
Utilities
| Electric: | Nearby |
Features/Improvements
- Small Game
- Upland Game
Description
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!
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
Buyer’s agents must be identified on the first contact with Broker/Agents and must accompany the buyer on showings to receive full fee participation. Otherwise, the fee participation will be at the sole discretion of the seller, broker, and Whitetail Properties Real Estate, LLC.
