North Platte River Investment Prope

Land Description

North Platte River Irrigated Investment Property is a quality, irrigated property offering a very good return from solid leases with long-term investment stability. The property consists of 225.89 +/- acres just south of Morrill, Nebraska in the renowned North Platte River Valley of western Nebraska. Pride of ownership of this farm is evident and has been in the same family since homesteaded in 1887. The farm property offers income from a farm lease for hay production and grazing, a residential lease and in the past has been leased for hunting making it a very sensible investment opportunity. Features a Modern Multi-level four-bedroom two-bath home with 2,572 square feet, ground level living room, kitchen and dining room and a sliding glass door access to a patio with a great view. Kitchen cabinets are hardwood birch in great shape. The upstairs has three bedrooms and one bathroom and the 1/2 basement has a bedroom, 3/4 bath/laundry, and family room with wood burning stove. The bedrooms and living room are hardwood oak floors in good condition. The basement has a recreation or storage room, office & utility room. Nice two-car detached garage with garage door opener and a patio area between garage and house. The Large yard has a healthy lawn, an 8-zone underground sprinkler system, storage shed, established trees and garden area. The large shop includes a concrete floor throughout. Other improvement features include A new forced air furnace with heat pump electric or gas capability was added in 2014. The propane tank is owned by seller & included in the property listing. Appliances included are the built in dishwasher, smooth top stove and oven. Water heater was replaced in 2017. The refrigerator, washer & dryer are owned by renter The spring fed irrigation pond has been stocked with fish including catfish, bass and blue gill and a nice recreation area has been developed on the pond. Current reliable renters have occupied the home and farm since 2017. The hunting and recreation aspects have not been leased for yet for 2021. The rental income including hunting is approximately $41,000.