Comprising 139 total acres, this versatile ag investment property features 100± acres of irrigated farm ground and 39± acres of dryland grazing. Fields are currently leased to an established area farmer growing alfalfa-grass mix and triticale, ensuring for a new owner a reliable income stream from day one. The farm's impressive water profile includes 2,808 shares of senior Hoehne Ditch Co. irrigation water, a domestic well, and 3 city water taps, ideal for future development. Chicosa Arroyo runs directly through the north end of the property, and the Purgatoire River is just 2,000 ft south, putting the farm in a natural corridor for deer and elk traffic. The property has an excellent pheasant habitat, and there's a standing offer for a multi-year pheasant-hunting lease, ready for a new owner to leverage. Existing improvements include a traditional 3-bed/1-bath ranch home, detached garage, large shop, machine shed, loafing sheds, corrals, and more. Located in tranquil farm country with easy access via a paved county road, and views of Fisher's Peak, the Sangre de Cristos, the Spanish Peaks, and the Purgatoire River.