0 Cr 1700 Elk City, KS 67344
This exceptional 158.43-acre property in Montgomery County, Kansas, near Elk City (zip code 67344) presents a unique investment opportunity. Currently generating income from a pasture lease ($4,000 annually, prorated to October 15th) and gas royalties ($50 monthly), this land offers diverse revenue streams. The property boasts abundant wildlife, ideal for hunting deer and turkey, with potential for additional hunting lease income. Rural water and electricity are available, making it suitable for building a residence on the elevated land overlooking two creeks and a wooded area. Two stocked ponds, one recently improved, provide excellent habitat for waterfowl. The property's eastern boundary connects to Duck Creek, enhancing its ecological value. Approximately 70 acres are covered in timber, providing a natural habitat, while the remaining land is open grassland. The combination of tillable land, timber, and water sources creates an ideal environment for wildlife, further enhancing its recreational appeal. The property's location at CR 1700 Road offers stunning views in all directions. This versatile property is perfect for those seeking a blend of recreational enjoyment, agricultural income, and potential for future development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.