11 Quarters With Oil Revenue Storthoaks Rm No. 31, Saskatchewan S0C 0P0
$5,500,000
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:51699)
Property Details
| MLS® Number | SK982540 |
| Property Type | Agriculture |
| Community Features | School Bus |
| Crop | Hay |
| Farm Type | Farm |
Building
| Type | Unknown |
Land
| Acreage | Yes |
| Size Irregular | 1745.21 |
| Size Total | 1745.21 Ac |
| Size Total Text | 1745.21 Ac |
https://www.realtor.ca/real-estate/27363316/11-quarters-with-oil-revenue-storthoaks-rm-no-31
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 20 2024 03:41:47
Saskatoon Region Association of REALTORS® Inc.
Sutton Group - Results Realty