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Ask Tyler Gentry
Great income, a well-maintained county road, and recreational opportunities! This 153 +/- acres sits half a mile south of the Kansas/Oklahoma state line and 4.5 miles east of Manchester, Oklahoma. Approximately 117 acres of the land is comprised of crop ground that has not been farmed in over a year, along with a 30-acre grass pasture running north and south through the middle of the quarter section. The remaining 6 acres of the property is a gravel pad utilized by a gas company.
The tillable acreage contains Class 3 Kirkland and Kingfisher silt loams. Typical crops grown in the area are winter wheat, milo, soybeans, and silage for feed. Cash rent in this neighborhood ranges from high $30’s to low $40’s per acre.
The pasture contains warm-season grass species and a large waterway that winds its way from north to south. There is a 3-acre pond that catches runoff from the neighboring crop fields as well. This pond often has ducks and geese loafing on it in the fall and winter that will provide waterfowl hunting opportunities. With some improvements, additional wetland habitat could be established given the volume of water that moves through this tract.
Although an aerial view of the property may not show it, there is a solid number of white-tailed deer that live on the property. A plethora of trails and tracks can be found on the edges of the crop ground and around the pond. By excluding cattle grazing from the pasture, thick bedding habitat could be established in just a year or two. As a bonus, there is a healthy population of ringneck pheasants running around!
The last component of the property is a gas lease that will pay the new landowner for an additional 12-13 years. This payment comes in annually at a rate of nearly $4,500 per year. After the current lease expires, there is a possibility of renewing for years in the future.
With above average income and recreational opportunities, this property is a great fit for land investors looking for solid ROI from a place they can also enjoy on the weekend! Please call or email the listing agent, Tyler Gentry, at (316) 641-3173 or tgentry@L2realtyinc.com to set up your private showing of this property!
§ 153 +/- Total Acres
§ Crop Production Income
§ Gas Lease Income
§ Large Pond
§ Native Grass Pasture
§ Waterfowl Hunting
§ Pheasant Hunting
§ Deer Hunting
§ Owned Mineral Rights Will Transfer
§ Taxes: $432 in 2023
§ 8 minutes to Manchester, OK
§ 22 minutes to Anthony, KS
§ 30 minutes to Medford, OK
§ 50 minutes to Enid, OK
§ 1 hours, 15 minutes to Wichita, KS
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