11 Quarters with Oil Revenue

storthoaks rm no. 31

$5,500,000.00

Here is a rare opportunity to purchase 11 quarters with a significant income of $161,895 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. (id:41462)

Listing Description

MLS® Number	SK982540
Property Type	Agriculture
Farm Type	Farm
Community Features	School Bus
Crop	Hay
Bathrooms	0
Bedrooms	0
Fireplace	No
Land Size	1745.21 ac
Size Irregular	1745.21

Listing information: https://www.realtor.ca/real-estate/27363316/11-quarters-with-oil-revenue-storthoaks-rm-no-31

Data Provider: Saskatoon Region Association of REALTORS® Inc.

Listing Office: Sutton Group - Results Realty

DDF® ID: 27363316

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