SOLD SOLD!!! Cache River Area: Duck Hole and Rice Farm

County:	Woodruff County (AR)
Size:	305.0 acres 123.4 hectares
Asking Price:	USD $ 450,000.00
Residence?:	No
Irrigation?:	Yes
Contact Info:	Bob Hopkins Hopkins & Associates Realty, Inc. 517 Woodruff County Road 845 Augusta, AR 72006 Phone: (870) 347-1243 Email: hopkinsco123@yahoo.com
General Description: The property is shown by Bob Hopkins, Broker, 870-347-1243. This property is one of a kind with good farm income and an excellent place for a duck hole and deer hunting. Mill Creek bottoms goes thru the property and will a water control levee on Mill Creek wetlands will provide the best duck hunting around the Cache River. The Cache River Game Refuge is one mile west from this property on the Cache River. This property fronts on Highway 260 at Grays. There is approximately 117.6 acres of timber. The is two wells for crops. See food plan in pictures and it will enlarge for reading. There is a building site for a hunting lodge. There are no minerals rights to go with sale. Farm Base Allocations Operator - Brock Tidwell Tract # 966 Cropland 187.4, Double Crop 20.0 Total = 207.4 Farm Income: Cash lease for 2007 is $ 19,618.28 Crop Base Ac. Pay Ac. Yield Rate Payment Wheat 32.9 28 38 .52 $553.28 Rice 119.8 101.8 4434 .0236 $10,607.46 Grain 46.1 39.2 55 .35 $754.60 Sorghum Upland Cotton 8.6 7.3 425 .0667 $206.94 Total $12,122.28 Brock Tidwell Farm Lease Cropland 187 x $ 40 per acre = $7,496.00 Grovernment Payments = $12,122.28 Total Cash Farm Lease= $19,618.28 Yearly Income $ 19,6189.28/$450,000 = 4.4% ROI on purchase. Plus any hunting leases. The is a new well and one pivot system. Some of the acres on west part has been recently prescision leveled. Hopkins Realty does not know the amount of acres that has been worked on.
Location Description: The property is south of McCrory and Patterson at Grays off State Highway 17. Minutes from Augusta. 1 1/2 hours from Memphis and 1 hour from Little Rock. There is an airport for small planes between Patterson and Augusta.
Improvement Notes: One well and one pivot system. Plenty of timber and duck hunting. Highway frontage.
Financial Notes: The property is priced at $ 450,000 at $ 1,475.41 per acre. This will not last long at this price. Terms: Cash at closing date. There are no mineral rights to go with sale. The information was given to Hopkins Realty by the owner but Hopkins Realty does not warrant the information and it can change without notice.
Soil Notes: Bosket-Dundee-Dubbs Association.