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40.85 Acres Income Producing Land (Oil & Trees) Sunbright, TN







Contact Information

Interested in this listing? Contact the seller for more information:

Carla Kelly 209-742-6862 Email Seller

Property Details

We planted 50,000 white pine trees .

We planted 50,000 white pine trees in 1991.  The trees are due to have a thinning done in 2020 and harvest date of 2027.  The tree’s  qualify the property as a legitimate tree farm tax shelter.  The property has 3 active wells leased to the largest oil producer in TN. (Enrema LLC).   Our lease spells out that if the wells do not produce $2,000.00/year in income, they pay the property taxes.   The wells produce propane gas, which you can tap into to heat a home.   The property has a lovely pond in the middle of it and we have roads that are graveled to facilitate access thru the property.   Knoxville, TN is about hour away with the quaint town of Rugby, TN (Cumberland Falls) just 20 minutes down the road.   The property boasts woods full of deer and wildlife.   It has a current survey from 1991, city water available along one side of the property and power readily accessible.  Enjoy the tax benefits now, put a hunting cabin on it and retire to it in the future.