Johnstown, Johnstown, NE 69214 - Brown County

AUCTION- January 15, 2020 | 1:30 PM | Johnstown, NE Fairgrounds All nine pivots will be sold as one parcel with a minimum bid of $1,850,000. THAT IS $205,000 PER PIVOT! Tremendous opportunity! Click here to watch a video of this property. This is an extremely well developed track of farm ground in North Central Nebraska. These nine center pivot machines, and the diesel motors are only 8 years old. They are located in gently rolling sandhils. This is an excellent ground water area, and part of the Middle Niobrara NRD. There are no pumping restrictions on any of the wells. There is an easement off of Highway 20 that is a good gravel road to the pivot site. There are very well-developed roads to all nine pivots. In addition, there is recreational value as Evergreen Creek runs through the Southwest portion of the property itself. This would provide excellent mule deer and whitetail deer hunting, as well as wild turkey and upland game. Evergreen Creek runs year-round and is spring fed. This farm is a very productive farm and the pictures prove it! Acre Breakdown Pivot Irrigated:1,092.21 Range/timber/water:171.86 Range corners: 319.75 Total: 1,583.82 Estimated Cash Lease Income: 1,170 irrigated acres @ $160.00 = $187,200 319.75 range acres @$20.00 = $6,395 Gross Income = $193,595 Real Estate Taxes = ($43,309) Insurance ($2,500 per pivot x9) = ($22,500) Pivot maintenance ($13,500) Estimated Cash Lease Income = $114,286 = 2.5% Net ROI Legal Description: Pt of Section 21,22,27 and 38, All in Township 31 North, Range 24 West of the 6th P.M., Brown County, Nebraska Estimated Taxes:$43,308.96 Address:Johnstown, NE 69214 County:Brown