34 Kelly Rd Road

Description

This property is located south of Carlsbad along the west side of the Pecos River and Cass Draw on the south side. This farm is comprised of 160 +/- total acres with 98 +/- acres in irrigation. The farm is currently being leased and the houses are rented out. Approximately 66 acres are planted in alfalfa that is in its second year of production, approximately 11 acres are in permanent pasture which is currently being grazed with cattle and horses, and approximately 20 acres were planted to cotton this year. This farm has irrigation rights from Carlsbad Irrigation District with the Pecos River supplying the water, also the farm comes with a permit to drill a new supplemental well or the old existing well could be repaired for use. The main house is an inviting ranch-style brick home offering a perfect blend of comfort and style. Boasting a 2-car garage, this residence features 3 bedrooms and 3 bathrooms across a generous 2500 sq ft of living space. This home is perfect for entertaining and everyday living with its open concept kitchen and dining area. It features wood-burning fireplaces in the dining area, main bedroom, and living room. Each bedroom offers ample space for relaxation and privacy, making it easy to create personal retreats or functional work-from-home spaces. The home boasts three well-appointed bathrooms, including a standout feature where one bathroom includes a discreetly placed washer and dryer in the closet, maximizing convenience without sacrificing aesthetics. If all this is not enough, spanning the width of the house is an east-facing porch overlooking the 98 acres of irrigated farm land offering a perfect spot to enjoy the morning sunrises, alfresco dining, or simply relaxing outdoors while enjoying the serene view. Perfectly set up for functionality, the property includes a well-appointed arena with lights and covered roping boxes, covered pens designed with convenience in mind along with a tack room. Adjacent to the arena is a spacious irrigated grass field, providing a lush and green environment for turning out your animals. What a perfect place to come home to and rope into the night. Income: This property has some outside income that is very interesting. There is a contract to move water across the property to be used in oil field production that has been averaging $170,000 per year. The rental on the homes is producing $24,000 per year. The farm has been rented out for $14,000 per year. A new owner could expect to make around $208,000 per year on outside income. If you wanted to actually farm the property, then you could expect more. Here is a farm in the Carlsbad area that is not only in a good area with access to the Pecos River and the possibility to build your dream home over looking the river. If you are looking for a farm to farm this is a great opportunity or if you are looking for income production look closely at the numbers. Here is a place that can be a great place to park your money and expect a great return to investment along with many depreciable assets for your taxes.