Colorado City, TX 79512 - Mitchell County

Loacated on north side of mitchell county road 456 and bounded on west by Lucas Road North, is a great combination farm and ranching opportunity. The community of Valley View was established in the early 1900's and the Valley View School was located adjacent to the south west corner of this property. Two wet weather creeks meander through the property from northeast to southwest with very large timber growing in the low lands of the creek bottoms. The cultivated fields border each of these tributarys with very nice sandy loam soils suitable for cotton, milo, or small grains. The wind royalties have been severed by previous owners, however, the mineral estate will convey with the sale of the surface. There is a horizontal well producing on the property to the east and this land is receiving a royalty from the well. Previous year income from oil/gas was estimated to be $1500 per month on average. There is electricity on the property located by an old homestead. There is a well and water storage facility at old homestead, but it is not known if well is functional. Take a look at this property if you are interested in an income producing property that still provides an opportunity to farm, ranch and hunt.