Littlefield, TXLamb County

Description: This property has and excellent stand of grass. It would be a good investment that would be very low maintenance. The land has a gentle slope. There are 4-5 irrigation wells and underground tile. There is electricity available along the South and East boundaries. Access is provided by CR 352 on the South and CR 53 on the East. This CR 352 has a caliche base that should enable easy access when raining or during wet conditions. This property may be purchased alone, or with another 203.8 acre tract directly to the SE, priced at $475 per acre.*There is good farmland East of this tract.

Here are a few things that I like about this property;

1. 4-5 wells for water and depreciation

2. Underground tile for depreciation

3. Multiple years remaining in the CRP program

4. Excellent grass stand/low maintenance

5. Good Access/ Possible Seller Financing

CRP Information: FSN 1655* Tract 2604

Acres Enrolled: 174.7

Rental Rate Per Acre: $36.00

Expiration Date: 9/30/2014

Annual Payment: $ 6,289.00

Total CRP Remaining Payments: $ 37,734.00

Minerals: None, All Previously Reserved, Surface Only

Wind Rights: ½ of the wind rights have been previously reserved, Buyer will receive Seller’s ½ currently owned.

Price: $550 per acre

Street Real Estate*Ranches*Hunting*Recreational*Irrigated Farmland*Dryland Farmland*CRP*All Rural Properties*