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Property # 65740
409 Acre m/l Row Crop Farm and Two Homes
$60,000.00 annual income from this farm!! This nice 409-acre farm has it all: 290 acres of row crop, two rental homes that both have tenants, and some good deer, turkey, and quail hunting. Starting with the row crop: the owner will cash rent the 290 acres for $150.00 per acre ($43,500.00) for one year, but will continue to rent after that. The row crop ground is rolling hills, but is good land overall. It has some CRP filter strips along the ditches that bring in another $1,127.00 annually. There are 6 ponds with the remainder being in timbered draws. A small part has been tiled and terraced. It has great access with paved road frontage on one side and gravel on the other. It has good outbuildings, which the seller would rent back for $2,000.00 annually.
First Home: This is the best home. It has 1894 sq. ft. with 4 bedrooms and 2 baths and sits on a good full basement. The home has a wood furnace and electric heat. It has central air. Currently rented for $350.00 a month.
Second Home: Neat setting at the end of a lane. Overlooks a 3-acre pond and is very secluded. Has 1726 sq. ft. and the home does need work. The current renters have been there 13 years and would like to continue to rent or buy. Currently rented for $250.00 a month.
The deer, turkey, and quail hunting should be very good. The owners saw 5 covey of quail when they were harvesting. There's lots of cover for the deer. Many ponds should have fish. You could lease the hunting rights for around $6,135.00. This is a very versatile farm with great income.
For more information on this property or to schedule a viewing, contact Fred Bennett at 660-373-0835.
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