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$5,500,000
Est. payment /mo
1,745.21 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Hay
Listing Status Active
Purchase Type For Sale
MLS Listing ID SK982540
Lot Size 1745.210 Acres
Acres 1745.21
Property Sub-Type Hay
Source Saskatchewan
Property Description
Here is a rare opportunity to purchase 11 quarters with a significant income of $161,650 from 51 surface leases. The land is located 7 miles North of Carievale in the Rm of Storthoaks. There is a total of 1745.21 acres currently in alfalfa. The soil classes are 9 (H), 1 (J) and 1(K). The total assessment is $1,911,500. The income from the alfalfa ranges year to year from $70,000 - $80,000. The land was in cultivation and could be put back into production. According to SAMA there are 1245 cultivated acres and more acres could certainly be broken. There is one fenced quarter that is used for pasture with an older yard site with power, no value was given to the yard site. For an investment there is lots of value with passive income of approximately $240,000 per year which equates to over a 4.3% return on investment.
Location
Province SK
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Listed by Sutton Group - Results Realty