241+/- Acres, Creek Bottom & Second Bottom, Daviess County, MO, at Pattonsburg

Status: Available:

Price: $1,137,500

Location: Daviess County MO at Pattonsburg

Tract 4 of 5
Offered individually or as multi-tract package

4% ROI, Strong Producing, Highly Tillable Bottom & Second Bottom, Long Term Lease Option

Acres:
241.58+/- Total FSA Acres
218.9+/- FSA Crop Acres
175+/- Acres in Row Crop Production
Tract 4 Document Packet  |  Google Map

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

Offered individually or part of 5-tract package. 241+/- total acres (reference FSA documents), 218+/- FSA cropland acres, and 175+/- acres currently in row crop production and 30 are hayed. The farm is mostly creek bottom and second bottom, with mostly 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 $45,500 annually on 175 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: 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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