1931 18Th Rd Waverly, KS 66871
This exceptional 150-acre property presents a unique investment opportunity in Coffey County, Kansas. Located just a few miles south of Waverly, this versatile land boasts a diverse landscape, perfect for a variety of uses. The property includes approximately 70 acres enrolled in the Conservation Reserve Program (CRP), generating an annual income of approximately $3,790 (expiring 2027). An additional 7 acres consist of brome hay meadow, while 69 acres comprise native and fescue pastures. Scattered throughout the pastures are multiple patches of timber, providing excellent habitat and privacy. A sizable pond, ideal for livestock watering or as a centerpiece for a future homesite, is complemented by two wet-weather creeks traversing the property. Abundant wildlife, including deer and turkey, is evident, as shown in available trail camera photos. Much of the fields were previously terraced and could be easily returned to cultivation after the CRP contract expires. The property's convenient location is a significant advantage, situated just half a mile from a paved road and within easy driving distance of Burlington, Garnett, Waverly, Ottawa, Emporia, and even Kansas City. This exceptional property offers a blend of agricultural potential, recreational enjoyment, and a tranquil rural setting, making it an attractive investment for discerning buyers. The address is 1931 18th Road, Waverly, KS 66871. The asking price is $615,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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