10187 Mormon Rd Elfrida, AZ 85610
Exceptional opportunity to acquire a highly productive 79.37-acre farm located at 10187 N Mormon Rd, Elfrida, Arizona, 85610. This property boasts a recently constructed (2018), single-story, 1,500 square foot home featuring three bedrooms and two bathrooms, ample storage, and an oversized screened porch offering stunning mountain views. The property also includes a 20' x 40' shop equipped with a bathroom, adding significant utility and storage space. Irrigation is facilitated by three wells, one of which has been upgraded to yield 400 gallons per minute; well records are available upon request. The irrigation system comprises three mini-pivots (one full circle, two half to three-quarter circles), and a diagram illustrating the system's layout is available for review. Significant land preparation has already been completed, including clearing, ripping, and ongoing disking. The seller has invested substantially in capital improvements to reinstate irrigation rights from the Arizona Department of Water Resources (ADWR), with the new Irrigation Authority numbers expected imminently. Offers should be structured to reflect this contingency. The property is zoned RU4 and is offered as a fee simple ownership. The APN is 403-37-009K. Some heavy equipment may be available for purchase separately. This turnkey operation presents a rare opportunity for agricultural investment in a desirable location. The asking price is $600,000, with a price per square foot of $400.
Cap rate
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