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NM STATE LEASE ON T2S R36E SEC 16

640 acres land (mol) located East of Portales

with 2 circles in cultivation currently

and the remaining land could be developed or used for pasture.

This sale includes 7 wells, 2 circle sprinklers, buried water lines and utilities, growing crops, and other existing improvements - lots of depreciable items here, plus all purchased items are income producing.

Both sprinklers are late model Lockwoods and are in good working order, they have extra drops with shut off valves if ever want to renozzle.

All wells are submergible and in good working order, it is believed that more water is available if you want to drill more wells on the south half. It is probable that more water rights could be obtained from the current lease owner by the buyer only.

Current holder of the lease is willing and motivated to the sale and might be willing to LEASE THE PROPERTY BACK FROM BUYER, carry part of the sale short term, take in some good calves (both bulls and heifers) on trade, {you call the shots and lets see if he will hear}.

We are asking $550,000.00 let us show it and we will listen to your comments and offers.

Contact the

Broker

Jack Merrick at

 505.760.7521

PRICE

REDUCED

$450,000.00