Income-Producing Property Discover the exceptional opportunity to own 77.6 acres of versatile

Income-producing land situated in the countryside near Wellington Airport. This unique property not offers the charm f rural living but also provides significant financial benefits through its diverse income streams. Whether you're an investor looking for a robust return or someone dreaming of a country lifestyle with financial benefits, this property has it all. Key Features: Royalty Interest (RI) Mineral Rights: The property includes valuable mineral rights, offering an oil production yield of approximately $7, 000 to $10, 000 annually. Enjoy the steady income from established oil production operations. Agricultural Income: With fertile land perfect for crop cultivation, this property generates an additional $4, 000 to $5, 000 per year from agricultural activities.

Nature and Wildlife: A creek and draw run through a portion of the land, providing potential for various recreational activities for hunting or wildlife watching. Location: Conveniently located near Wellington Airport, this property combines the tranq uility of country living with easy access to transportation and town amenities. Investment Potential: This versatile property is an excellent investment opportunity for those seeking to diversify their portfolio with real estate that offers both immediate and long-term financial returns. The combination of oil production and agricultural income ensures a steady revenue stream, making this land a wise choice for investors and landowners alike. Seize this unique opportunity to invest in a property that offers both immediate income and long-term potential. Contact us today to learn more or to schedule a viewing.

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on 00000 E 40th Ave N
in Wellington, KS
Presented by HEATHER STEWART at
Coldwell Banker Plaza Real Estate - E Central.


Property MLS #639701 from SouthCentralKS

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+ Exterior and Lot Features

Frontage Type: Gravel
Road Frontage Type: Gravel

+ Land Info

Lot Size Acres: 77.6
Topography: Rolling
Lot Size Square Feet: 3380256

+ School Information

Elementary School: Eisenhower
High School: Wellington
High School District: Wellington School District (USD 353)
Middle School: Wellington
School District: Wellington School District (USD 353)
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Wellington High School is a public high school located approximately 4.1 miles away.
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Wellington Christian Academy is a private elementary school located approximately 2.2 miles away.
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Eisenhower Elementary School is a public elementary school located approximately 3.3 miles away.
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Wellington Middle School is a public middle school located approximately 3.8 miles away.
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+ Homeowners Association

Association Fee Frequency: Annual
Calculated Total Monthly Association Fees: 0

+ Other Property Info

Mineral Rights Included
No Crops Included
Annual Tax Amount: 546.72
Source Listing Status: Active
County: Sumner
Directions: Hwy 81 & 50th Ave N, W to Ridge, S to Property. Land sits at NW corner of 40th & Ridge.
Tax Year: 2023
Source Property Type: Land
Area: SCKMLS
Source Neighborhood: NONE LISTED ON TAX RECORD
Parcel Number: 20191-096-108-28-0-00-00-004.00-0
Subdivision: NONE LISTED ON TAX RECORD
Zoning: Agriculture
Property Subtype: Farm
Source System Name: C2C
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Listed 2024-05-30
$349,200
SouthCentralKS

+ Utilities

Electricity

+ Building and Construction

Property Condition: MLS Listing