Pivot Irrigated ½ Section of Land For Sale

PRICE: ---------------------------------------------------------------------------------------------------------- $ 540,000

LOCATION: From Dalton, NE, 14 1/2 miles west and 1 mile north on the east side of road.

2009 TAXES: ------------------------------------------------------------------------- $ 3,378.52 to be paid by seller

LEGAL DESC. The west ½ of section 29 TWP 17N Range 51W of the 6th PM Cheyenne County Nebraska 320 acres more or less
ADDRESS: West of Dalton, Nebraska

OUT BUILDINGS: There are four small grain bins with this property. (However, there is an old building site with an uninhabitable home, a small quanset and several other out buildings that maybe purchased separately for approx. $5000.)

LAND INFORMATION: This property lays practically flat with excellent soil types. The north quarter is made up of practically all class 1 soil type. The south quarter has a combination of approximately ½ - 2/3 class 1 soil type and the rest has some sand base mixed in. The north quarter is probably one of the nicest lying quarters in this county. The south quarter is practically flat with a couple minor knobs on it.

WELLS: There is one irrigation well on this farm which feeds both pivots. The underground pipe from the first pivot is 10” diameter and the other pipe is 8” diameter. The irrigation well was updated in November of 2007. The well is 330’ deep and is 287’ to static water. The well was test pumped at 1300 gallon per minute and is set to pump at 630 gallon per minute on low pressure systems. The well has a Peerless pump and column, 100hp pump/motor and size for AB panel, underground PVC pipe and wire. The well has a new electric motor and the systems are all electric.

PIVOTS: There are 2 Reinke 7 tower, model 60G center pivot irrigation systems in very good condition and are 7 years old.

POSSESSION AND CLOSING: Buyer will get possession at time of closing which will be 30 days following an accepted purchase agreement. Buyer will get physical possession on March 1, 2010.

BROKERS COMMENTS: If you’re looking for that perfect income producing farm and do not want to farm it yourself, this is the one to buy.
NOTE: The broker has a guaranteed cash rent tenant that will sign a 3 – 5 year lease on a cash rent basis. Based on the asking price of $540,000, the buyer would be guaranteed a 6% return on the investment before taxes. Your return will be higher depending on the actual agreed upon sale price.

HUNTING AMENITIES: There are white tail and mule deer, wild turkey and pheasant located throughout the area for your hunting pleasure.

AGENCY DISCLOSURE: Korth Realty and Auction and their agents represent the sellers in this transaction.

DISCLOSURE: All property information provided was obtained from sources deemed reliable, but the broker makes no guarantees as to its accuracy. All prospective buyers are urged to fully inspect the property, its condition, and to rely on their own conclusions.

OWNERS: Names will be disclosed at time of entering a purchase agreement.