This diverse Panola County acreage provides an income-producing opportunity with infrastructure in place and endless high-quality hunting opportunities. Totaling 159 acres, the land includes 62 acres of precision-leveled farmland equipped with a water well and two levee gates for crop irrigation and flooding for ducks. Due to the 1%-1.5% level grade of the land, this tract is easy to flood just by closing the gates without having to use the well for pumping water. The remaining acreage is a dedicated CRP, including a hardwood mixture with plenty of acorn-producing trees, making it irresistible to deer and turkeys. The CRP trees are also easier to care for and yield a higher return in a future timber harvest.
The land boasts consistent revenue from diverse income streams. The crop ground is leased at a rate of $12,400, with the remaining CRP generating $10,477 annually. An additional hunting lease for $5,000 is in place, which could easily go for higher given the property’s exceptional attributes. Current annual taxes are just $2,107. This results in just shy of $28,000 of annual income in place, providing the opportunity for a 3.5% return on investment, a rarity in the market.
Numerous improvements enhance hunting on the tract. There are three acres of food plots with a tripod, a pit blind for duck hunting, two black condos, and an in-place road system allowing quick navigation. There's also potential for a green timber hole in the center of the tract with some small levee work. The land has all utilities available, including TVEPA electricity, TVI-Fiber Internet, and Community Water with Enon-Locke Station Curtis Water Association.
This incredible opportunity will not last long. Contact Molly Hawkins and Landhawk Realty today to discover more about this versatile property.