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34.31 acres in Milam County, Texas
- County: Milam
- Address: 9346 FM 1600
- Zip: 76567
- Type: Hunting Land, Recreational Property, Residential Property
- City: Rockdale
- Price: $550,000
- Acres: 34
- State/Zip: Texas 76567
- Bedrooms: 3
- Status: Available
- Baths: 2
Nice property with mineral income!
This 34.305 acres features over 50 ft of elevation change! There are 3 ponds on the property with the largest being approximately 3.5 acres. This lake has islands, a concrete bridge, peninsulas and creek areas that make it great for bass fishing. Bass over 6lbs have been caught! The other two ponds are approximately 1 acre and .10 acres. The 1-acre lake features clear water and a dock to fish on or relax on a summer day. In addition to fishing, this property provides great hunting opportunities with plenty of big, mature deer in the area. There's also feral hogs and predators.
The property is mostly open with a nice mix of scattered trees throughout the entire tract. There are several groups of nice live oaks as well. Good grass for grazing cattle or cutting hay.
A 1,680 square foot, 1998 mobile home is situated in the back of the property that overlooks the lakes. It has 3 bedrooms, and 2 baths and would serve great for a permanent home, guest house, or temporary home while you build. The home has tile and wood flooring, garden tub, nice front and side porches and has plenty of room! To the side of the house, there is an above ground pool and hot tub that has been completely decked in and provides relaxing views. There is a great homesite near the front great that offers a great view of the property. Property is fenced and ag exempt currently. It has southwest milam water and an old hand-dug well that you can irrigate out of. There are several carports that work great for storage or cars, boats or equipment. There's also a small equipment shed with power running to it.
This property has 9 oil wells on it currently. 5 of these wells are run on pumpjacks and are actively producing steady income from year to year. They typically produce about 300-350 barrels per year. The seller owns 100% of the ALL minerals and will convey ALL mineral interest and ALL oil-infrastructure with the sale for a turn-key operation. The wells have good, gravel road access to each site. The property is not under any third party mineral lease as the seller manages the wells personally. The wells typically require little maintenance! This gives a rare opportunity to buy a property with passive income for years to come while being able to keep all the income vs sharing with an oil company!
2018 taxes were less than $1000!