130+/- Acre Bottom Farm Class II Soils, Daviess County, MO

Status: Under Contract:

Price: $650,000

Location: Daviess County MO at Pattonsburg

Tract 2 of 5
Offered individually or as 5-farm package

4% ROI, Strong Producing, Highly Tillable Bottom, Class II Soils

Acres:
130+/- Total FSA Acres
99+/- FSA Crop Acres
100+/- Acres in Row Crop Production
Tract 2 Document Packet  |  Google Map

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

Offered individually or part of 5-tract package. 130+/- total acres (reference FSA documents), 99+/- FSA cropland acres, and 100+/- acres currently in row crop production. The farm is Grand River area bottom, with all class II soils. 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 $26,000 annually on 100 acres, offering a 4% return on investment at the asking price. Additional income could be available from an optional hunting lease. 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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