Status: Under Contract:
Price: $253,500
Location: Daviess County MO at Pattonsburg
Tract 5 of 5
Offered individually or as 5-farm package
4% ROI, Strong Producing, Highly Tillable Bottom, Class II Soils
Acres:
41+/- Total FSA Acres
41+/- FSA Crop Acres
39+/- Acres in Row Crop Production
Tract 5 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. 41+/- total acres (reference FSA documents), 41+/- FSA cropland acres, and 39+/- acres currently in row crop production. The farm is creek 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 $10,140 annually on 39 acres, offering a 4% return on investment at the asking price. 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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