Barefoot Farms - Income Producing Horse Facility - Denton County

Status: Available
Price: $2,450,000
Acres: 20 +/-
Price Per Acre: $122,500
Type: Ranches, Residential Property, Commercial
Address: 9338 FM 2450
City, State: Sanger, Texas
County: Denton
ZIP Code: 76266
Lat/Long: 33.3415, -97.2369
Presented By: George Wiley
Dwelling Sq Ft: 1,581
Bedrooms: 3
Bathrooms: 2

Description

World Class Training Facility in the Heart of North Texas Horse Country. Perfect for the serious horse enthusiast and investors seeking 20%+ returns on their invested capital. Barefoot Farms has been home to some of the nation's top trainers and show horses over the past 20+ years. This ranch is both income producing and profitable. Featuring 5 residences, 88 stalls, and 5 show barns. Facilities include a 60 foot covered round pen, 100 x 200 covered arena, 155 x 350 outdoor roping arena with excellent footing, 20+ turnouts/pastures, and much more. Great location 5 miles from I-35 near Sanger, Texas, with road frontage on both FM 2450 and Crow Wright Road. This is a turn key property! Current tenants would like to remain on property after sale, if possible. Financials and list of equipment to convey are available upon request. Call George Wiley for more information at (940) 784-3646

LOCATION:
- 52 miles to Dallas
- 45 miles to Fort Worth
- 14 miles from Denton

WATER:
- All pastures have automatic watering capabilities

CLIMATE:
- Average 228 Sunny Days in Denton County
- Average of 38 inches of rain per year

UTILITIES:
- Electricity and Bolivar Water

MINERALS:
- Seller does not own mineral rights

VEGETATION:
- Coastal Bermuda grass
- Produces 50+/- round bales a year

TERRAIN:
- 40 FT of elevation across the property
- No Floodplain

SOILS:
-Mix of Somervell Gravelly Loam 1 to 5 percent slopes; and Ponder Loam 1to 3 percent slopes

TAXES:
- 2020 taxes were $6,429.01

IMPROVEMENTS:
5 Residences
Main residence is 3 bed 2 bath; 1,581 square feet
Apartment #1 2 bed 1 bath; 1,216 square feet
Apartment #2 2 bed 1 bath
Apartment #3 1 bed 1 bath
Mobile Home 3 bed 2 bath; 1,216 square feet

- 88 horse stalls
- 49 stalls are oversized and 12 ft x 16 ft
- 13,500 feet pipe fencing
- 100x200 covered arena with engineered steel frame and excellent footing
- 155x350 outdoor roping arena
- 20+ turnouts/ pastures
- Pipe and cable fencing throughout
- 60ft covered roundpen
- 6 horse walker
- Trojan Equicizer
- 60 ft by 85 ft Hay barn

FINANCIALS: (Full details available upon request)
2020 Net Operating Income: $157,902 (At purposeful lower occupancy)
Estimated 2021 Net Operating Income: $180,000 (Q1 Annualized)
Estimated Year 1 Net Operating Income: $300k+ (Expected at 70% Occupancy by July 1, 2021)

CURRENT USE:
- World class horse training facility

POTENTIAL USE:
- Horse training facility
- Investment opportunity
- Future Development

FENCING:
- 13,500 linear feet of pipe and cable fencing in very good condition

ACCESS:
- 3 gated entrances- 2 are accessible off Crow Wright Road, and 1 off FM 2450
- 1900 ft of road frontage

EASEMENTS:
- No easements in place

LEASES:
- Professional horse trainers with established clientele.

SHOWINGS:
- Buyers agent must be identified on first contact and must be present at initial showing of the property listing to the prospective buyer in order to participate in real estate commission. If this condition is not met, fee participation will be at sole discretion of the listing agent.

Call George Wiley, owner/agent, for more information at (940) 784-3646

Directions:
- Take Exit 478 off I-35 and proceed west to 4 way stop at FM 2450. Turn left and go south to Barefoot Farms on left side of the road.

Interactive Map

Ask About this Property

George Wiley

Email: gwiley@mossyoakproperties.com

Phone: (949) 375-4552

Contact Agent