Unique Investment Property In Northwest OK

Description

Investment Property for Sale! Here’s a unique opportunity to buy a great investment property with immediate return. The tract has two Wind-Turbines with approximately 25 years remaining on the contract. The Minerals convey, including a producing well with steady income over the last several years. And, there’s a CRP payment, with a contract expiration in October 2022. Once the CRP expires, it’s likely another contract will be offered. Or a buyer can elect to keep it out and graze it. It’s excellent grass. Don’t hesitate to contact Steve with any questions or to look at this unique property!

Property Details

  • 2 - Wind Turbines
  • Producing Minerals
  • CRP Payment
  • *2 - Wind Turbines, 25(+/-) years remaining on contract. $24,000(+/-) payments/year. That’s approximately $600,000 left in the life of the contract.
  • Mineral Interest Included - Producing. 6 year average of mineral income - $6,124/year.
  • CRP Contract – Expires 10-01-2022. Paying $5,316/year
  • Great grazing potential once CRP expires next year
  • Deer and quail hunting
  • Electric borders the property
  • Only 1 mile from Hwy. 60 with well-maintained Gyp Road
  • Home-site potential
  • 11 miles East of Arnett
  • 17 miles West of Vici
  • 25 miles Southwest of Woodward
  • 36 miles West of Seiling
  • 2 1/2 hrs. Northwest of Oklahoma City

RR, Lot #WP002
Arnett, Oklahoma 73832