New Mexico Investment Farm

Here's an interesting Investment property to consider. This farm is 21 acres total. Currently 6 acres are planted in Drover Grass Hay and produces 4 cuts per season for approximately 1200 two strand bales total. We currently have 2 acres of the farm and a commercial well leased to a licensed Cannabis Grower. Income from this lease is $4,000 per month. Further details regarding the lease available upon request. Additional Improvements include electric service, a Domestic Well with pump house and a 30'x40' Metal hay barn. Water Rights assigned to the Commercial Well will convey with the property. 2.4 acre feet or approx. 782,042 gallons per year. Surface Irrigation water is provided by the Middle Rio Grande Conservancy at the rate of $49 per acre per year. The farm has been signed up for the NM EPLUS elk permit program. Plenty of ducks, geese, cranes and dove frequent the farm for wing shooters. Covenants are in place regarding use and development. Owner/Seller is listing broker. Seller will consider Owner Financing with acceptable down payment and terms. Please call for additional info and showings.