Description
Investment 800 acres with 764.5 acres enrolled in CRP. The contract expires October 2022. The seller has been approved for re-enrollment for a new 10 year contract. As CRP, the property is a great passive investment property and will preserve wealth in uncertain times. All contiguous property with 764.5 acres CRP, the balance native grassland. The terrain is gently sloping to level. Great views to the west of Pikes Peak and 360 degree views of the surrounding countryside. Electrical service adjoins the property. The property has a couple of old homesteads areas. The property's established CRP grasses attract numerous wildlife species and birds. Species include Mule Deer, Pronghorn, Coyote, Fox, and Dove. Options after the fall of 2023, the property has the potential to either be re-enrolled in the CRP program, broke out and farmed (with rapidly rising commodity prices) or grazed. The property has class 4 Soils. CRP contracts with 291.8 acres at $28.56 and 472.7 acres at $25.63 per acre per year makes for a great passive income wealth preservation property. Located in southeast Elbert County, the area is a mix of farms, ranches and rural residential. The climate is mild and moisture averages 14 inches per year. The property is located 53 miles east of Colorado Springs and about an hour and a half from Denver Metro. It's located between the communities of Rush, Simla and Matheson Colorado. Limon is 32 miles to the northeast and has farm stores, groceries, fuel, discount stores, hotels and restaurants.
Location
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Residential
$495,000
MLS# 7369319
Listing Agent: Jim Leuschner
Courtesy of: RE/MAX Alliance
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