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Land for sale in Lucerne Missouri

5 photos
$674,660 235 acres
Lucerne, MO 64655 - Putnam County

235 m/l Acres in Putnam County, MO.

This 235 m/l acre property is located East of Newtown, MO. It features 188.8 m/l open tillable acres with the remaining acres being timber. The 188.8 m/l tillable acres have a 3 year contract beginning in 2017 at $160.00 per tillable acre. The cash rent lease gives this property a guaranteed income of $30,208.00 for the next three years! The property also has a $3,525.00 annual hunting lease payment. With those contracts already in place this property has an income of $33,733.00 and a 5% return rate!
Pete Miller P & R Properties