Please enter your username or email address. You will receive a link to create a new password via email.
$2,450,000 For Sale
115 Views
This listing is for 20 acres for sale in Denton County (Sanger), Texas. This property is listed as: Barefoot Farms – Income Producing Horse Facility – Denton County
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
– 100×200 covered arena with engineered steel frame and excellent footing
– 155×350 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.
9338 FM 2450
Sanger, (denton County), Texas
76266
9338 FM 2450 Sanger Texas 76266
View Google Maps
Sign up for The Land Market’s newsletters to stay up-to-date with new and featured Iistings, product giveaways, new features, new partners and more!