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15350 190th 22A, Erie, KS 66733

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For Sale

$225,000

22 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 22 acres
    Lot size

Explore this Property

Truly great investment opportunities don't come along very often anymore. This is something we have noticed in the land game the last several years and it rarely gets proven wrong. Well, here is your white whale! Lets take a look at this new to the market 22 acres in Neosho County, Kansas. Lets begin with what makes this small acreage so unique, the cell tower. This year the tower will make approximately $8400/year, which is made in monthly payments. Not only does this sound great, but it gets better. Every 5 years, this will go up a whopping 15%. Yes, you read that right, 15%! On top of the tower, it also has about 15 acres currently in fescue that could possibly turned into tillable. Even at full asking price, your ROI will be around 4%. But lets not forget, in 4 more years, that will increase to 4.5%! There is also an old homesite on the property and multiple out buildings. Some of the out buildings are still in pretty good shape, but the old homesite is well past its prime. It would either need to be torn down or just let set. As stated, their is 15 acres currently in good fescue. This could possibly be tilled or used for pasture for more income or to best suit your needs. Cell Tower 2 hours from Kansas City 2 hours from Wichita 2 hours from Tulsa 10 minutes from Chanute 15 acres fescue
MLS# 11543374

Courtesy Of L2 Realty, Inc

(620) 577-4487

Property Features

  • Architecture Style
    Other
  • Lot Size
    22 Acres

Map and Directions

Directions to 15350 190th 22A, Erie, KS 66733

Home seller CENTURY 21 Monument Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Monument Real Estate

(620) 757-5519
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.