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 of rural living but also provides significant financial benefits through its diverse income streams. Whether you're n 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 tranquility 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.
Map directions

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 85 & 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