29040 Bethel Church Rd, Paola, KS 66071

Description

A rare, income-producing rural property in one of the fastest-growing suburban corridors in the Midwest. This 159-acre Kansas farm provides multiple income streams — active oil production, farm lease, Documented hay production and exceptional hunting ground — while sitting just 35 miles from Overland Park, 10 Miles from Hillsdale Lake and a 1/2 mile from Blacktop. This property is exceptional featuring 23 Dry land acres, 136 acres of established tame grass — ready for cattle immediately and Two Ponds. The property has electricity and rural water already established. Multiple outbuildings including 64 x 40 Utility Building in great shape. The seller holds a 100% Working Interest in the Reynolds oil Lease and 87.5% working interest as well as a 6.178258% royalty interest in the Brooks oil lease — meaning the buyer steps into an ownership stake in active oil production. The entire service infrastructure was selected for hands-off ownership and transitions seamlessly to a new owner. Currently the property has 38 active wellbores with Up to 50 wells possible on the property to increase production. Over a 29 month span, net oil revenue of $355,776 has been generated, and daily average oil production is 6.2/bbl. This is a one of a kind property perfect for the farmer, hunter, homesteader or investor looking for a great tract of land with multiple income streams.