State Road 161

Rockport, IN 47635

Investment Property - 80 Acres of Prime Land with WRE Potential This 80-acre property presents a rare investment opportunity with both tillable land and timber ground that offers excellent returns and future potential. Property Features: 15 Acres +/- of Tillable Land: The tillable acres could continue to be farmed or enrolled in a Wet Land Reserve Easement WRE. WRE is currently paying $6,840 per acre, totaling $102,600 in income from tillable acres. 15 Acres of Timber Ground Eligible for WRE: Currently WRE is paying $5,070 per acre for timber acres, providing an additional $76,050. WRE Enrollment Potential: After two years of ownership, both the 15 acres of tillable land and the 15 acres of timber ground can be enrolled in the Wetlands Reserve Easement (WRE) program, offering conservation benefits and added long-term value. Timber Value: There is approximately $40,000 in timber on the property. Hunting Lease: The property is ideal for leasing to hunters for deer, turkey, and waterfowl, creating another revenue stream. With the WRE potential, timber value, and hunting lease, you could see a total return of $215,000 while still enjoying this beautiful property for recreational use. An adjoining 80-acre property with similar returns, WRE possibilities, timber, and hunting lease potential is also available for purchase. Its very rare to find a hunting property with this kind of return.

This is an Active listing.

Broker Office Phone Number: 765-505-4155

Copyright © 2024Terre Haute Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.