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North Platte Irrigated Investment

Morrill, Nebraska | County: Scotts Bluff | 225 Acres

$1,000,000
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Property Information

North Platte River Irrigated Investment Property is a quality, irrigated property offering a very good return from solid leases with long-term investment stability. The property consists of 225.89 +/- acres just south of Morrill, Nebraska in the renowned North Platte River Valley of western Nebraska. Pride of ownership of this farm is evident and has been in the same family since homesteaded in 1887. The farm property offers income from a farm lease for hay production and grazing, a residential lease and in the past has been leased for hunting making it a very sensible investment opportunity.

The North Platte River Irrigated Investment offers a quality farm and improvements with stable income from several sources, or one can substitute private use of the property for farming, living and/or hunting and recreation.
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LOCATION

Located in the western portion of the Nebraska Panhandle two miles south and 1.5 miles east of Morrill, Nebraska.  County Road F is paved & the access road to the home is asphalt.

ACREAGE

225.89 +/- Acres -Total
135 +/- Acres  - Pivot Irrigated - currently in alfalfa
11 +/- Acres  - Flood Irrigated- currently in alfalfa grass mix
50 +/- Acres - Sub -Irrigated grass pasture
25 +/- Acres -Lake Pasture – with 13 acres flood irrigated grass pasture
4.89+/- Acre - Bldg. Site w/ 4-bedroom residence

The 7 tower Lockwood irrigation pivot is fed from the irrigation pond.   It is controlled by a Reinke Touch Technology control Panel with end-gun controls can be operated remotely.  The pivot is powered by a 25 HP electric pump.

A second pump (15 HP) services 3 underground pipelines that irrigate areas the pivot does not service including the 13-acre pasture below the irrigation pond.  The pivot corners are Irrigated with 52 Sections or 1,560 feet of 8-inch PVC gated pipe.  An additional 17 sections or 510 feet of 10” PVC gated pipe is included.

A fenced Haystack yard is located right off the paved County road F.  The entire property is fenced in five strand Barbwire.  The pasture working corral is pipe construction and includes a working chute.

The main pasture is split in half with cross fences allowing for rotational grazing and is sub irrigated and partially irrigated by the pivot.  It has year around live water and 7 fence line cattle guard crossings for the pivot to enter & exit the pasture.

The Mitchell Irrigation District 158.3 acre water right diverts from the North Platte River near the Nebraska Wyoming Border.

IMPROVEMENTS

Features a Modern Multi-level four-bedroom two-bath home with 2,572 square feet, ground level living room, kitchen and dining room and a sliding glass door access to a patio with a great view.  Kitchen cabinets are hardwood birch in great shape.  The upstairs has three bedrooms and one bathroom and the 1/2 basement has a bedroom, 3/4 bath/laundry, and family room with wood burning stove.  The bedrooms and living room are hardwood oak floors in good condition.  The basement has a recreation or storage room, office & utility room.

Nice two-car detached garage with garage door opener and a patio area between garage and house.  The Large yard has a healthy lawn, an 8-zone underground sprinkler system, storage shed, established trees and garden area.  The large shop includes a concrete floor throughout.

Other improvement features include:
A new forced air furnace with heat pump (electric or gas capability) was added in 2014.
The propane tank is owned by seller & included in the property listing.
Appliances included are the built in dishwasher, smooth top stove and oven.
Water heater was replaced in 2017.  (The refrigerator, washer & dryer are owned by renter)

The spring fed irrigation pond has been stocked with fish including catfish, bass and blue gill and a nice recreation area has been developed on the pond.

Current reliable renters have occupied the home and farm since 2017.  The hunting and recreation aspects have not been leased for yet for 2021.  The rental income including hunting is approximately $41,000.

SUMMARY

The North Platte River Irrigated Investment offers a quality farm and improvements with stable income from several sources, or one can substitute private use of the property for farming, living and/or hunting and recreation.