320-ACRES WITH USR PERMIT & RENTAL REVENUE

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O & G/Mineral Resource Development

$3,400,000

320 acres +/- Platteville, CO

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Large acreage with USR and Rental Revenue

320 acres +/- Platteville, CO

$3,400,000

Location: 16600 County Road 36 | 40.311597, -104.581655

Exceptional income producing property situated on 320 acres. The monthly revenue is $25,430. This investment grade property features 6 homes that stay rented consistently each with their own electric meter. The sellers have also rented out all of the shops situated on the property as well as the farm ground. The farm ground lease brings in $10,000 a month and is used for land application. The northeast and the southwest turkey barn have full concrete floors and electric service. There is potential to increase the rental income by finding renters for the large, retired turkey barns and another building on the southwest corner of the property can be rented. There is a USR on 80 acres of the property allowing for oil and gas support service allowing for outside storage. This parcel also boasts the 2.5% UPRR surface owner's payment for all oil and gas produced. There are new horizontal wells currently being drilled and the sellers have been offered $600,000 to sell their minerals. The potable water lines could use upgrading and the seller is willing to work out a credit to the buyer if they aren't upgraded by closing.

Directions: From Hwy 85, south on CR 35 approximately 5.5 miles to CR 36 and then west

Legal:

Part of the North half of Section 11, Township 3 North, Range 66 West of the 6th P.M. Identified by Weld County Assessor Parcel No. 121111200002 containing 239.91 acres more or less and Part of the Northeast quarter of Section 11, Township 3 North, Range 66 West of the 6th P.M. Identified by Weld County Assessor Parcel No. 121111100001 containing 80.09 acres more or less.

Presented by:

Ryan Hostetler
Managing Broker
3050 67th Avenue, Suite 200
Greeley, CO 80634
Email: ryan@agpros.com
Direct: 303-883-7080


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