3.8% Return On Investment At Asking Price-PRICE REDUCED, MOTIVATED SELLER!

Sold:

Price: $549,000 $499,900

Property Location: Lucerne, MO 64655
County: Putnam
School District: Putnam County R-I

Viewing the Property:
Interested parties are welcome to go look at the farm. 

Download Documents:
Aerial CRP Map
Aerial Surety
Soil Map
EZ 156

Acres:
122+/- Total Acres
98.2 +/- FSA Tillable Acres
98.2 +/- Acres Enrolled In CRP

Taxes: $190.16 *to be verified by the buyer

Property Features:
3.4 % Return On Investment At Asking Price
Quality CRP-Renewing Through 2032
Deer Hunting Opportunities
Large Pond
Hunting Lease Income
Duck Hunting Opportunities
Road Frontage
Fenced And Gated
Electricity At Road

Property Details:
Here is an excellent CRP farm that will provide a new owner a 3.8% return on investment beginning in 2023. This farm sits just South of Highway 136, West of Unionville, MO. Of the 122+/- total acres 98.2+/- are currently enrolled in CRP. The contract is currently being renewed for another 10 years through 2032 at a projected rate of $146 per acre, providing steady income. This property also includes a hunting lease that pays $4,500 annually. Should a new owner decide to hunt the property there is plenty of bedding cover and the long wooded draw through the middle of the property provides an excellent travel corridor. The NW corner of the property includes a large pond that provides excellent fishing and duck hunting opportunity. If you’ve been looking for a nice hunting property that provides great income then give this place a look! 

2023 Income Projections:
CRP- 98.2 acres at $146 an acre= $14,377 (new contract 2023-2032)
Hunting- Annual payment of $4,500
Total- $18,887 annually (3.8% return at asking price)

Hunting Rights:
The farm is leased for hunting at a rate of $4,500 annually. This lease will expire January 15th 2023. New owner to honor existing hunting lease. 

Directions: From Unionville, MO head East on Highway 136. South on 195th Road. West o 190th Road. Property sits on North side of road. 

Request more information about this property:

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

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