1151 1300 St Iola, KS 66749

Listing details for 1151 1300 St, Iola, KS 66749 : Situated just 1 mile north of Iola, KS in Allen County, sits this beautiful slice of paradise. This farm literally has it all. The seller is selling their 5/8 ownership of the property. Another family member owns 2/8, which may be available in the near future, and Colt Energy owns the other 1/8. The investment opportunities on this property are quite impressive. Last year on the sellers 5/8 alone, just under $20k was made off of the 200+ acres of tillable Deer Creek bottomland. It is currently being sharecropped. The current farmer does a great job with his corn and bean rotations and has been farming this land for a long time. With around 30 oil wells on the property, the mineral revenue is really the king. For the months of March, April, and May the average check per month was over $6500. With May's check rolling in at over $8k. It doesn't take long to add those numbers up and figure out the oil royalties are worth its weight in gold.Even though the investment side is worth it alone, don't sleep on the hunting this property provides. With Deer Creek splitting the property and the Neosho River less than a mile away, amazing travel corridors are there to keep big bucks roaming this farm all season long. The 200+ acres of tillable provide all the food needed for the deer living on the property and the surrounding properties as well. Add in the pockets of Mature timber and patches of thick under growth, cedars, and grass and you have everything needed to produce quality deer.