113+/- Acres, Highly Tillable Bottom & Second Bottom, Daviess County, MO

Status: Sold

Price: $617,500

Location: Daviess County MO at Pattonsburg

Tract 1B (east side only of Tract 1)
Offered individually or as multi-tract package

4% ROI, Strong Producing, Highly Tillable, Bottom & Second Bottom

Acres:
113.04+/- Total FSA Acres
105.42+/- FSA Crop Acres
95+/- Acres in Row Crop Production
Farm 1B Document Packet  |  Google Map

  • Highly Tillable
  • 4% ROI at the asking price
  • Strong soils
  • Strong Producer
  • Area Cash Rent Comps
  • Mostly Bottom & Second Bottom
  • Long Term Owners
  • Professionally Managed
  • Long Term Lease Option
  • Turn-key ROI for an Investor

Offered individually or part of multi-tract package. 113.04+/- total acres (reference FSA documents), 105.42+/- FSA cropland acres, and 95+/- acres currently in row crop production. The farm is mostly Grand River area bottom, and second bottom. The farm has been owned by the same owner/operator family for years and has been professionally managed to be a top producer (50% waxy corn production). It you’re an investor looking for something long-term, this is a turn-key opportunity. The farm comes with an optional 5-year row crop lease (2018-2022) paying $24,700 annually on 95 acres, offering a 4% return on investment at the asking price. Additional income is available from an optional $4,000 hunting leases. If given the opportunity, the operator would like to continue well beyond the 5-year lease. However, a new owner could also have the option to farming it himself, or rent to a different tenant, beginning in 2019. If you’re an out of state investor and are wondering what cash rents are for the area, we have strong comparables. Recent (March 2018) cash rent auctions, on similar farms in the area, have fetched similar per production acre prices.

Full details available at: http://www.LandByDennis.com.

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Request more information about this property:

Realtor: Dennis Prussman,
Phone: (816) 262-6178,
Email: dennis.prussman@gmail.com

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