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111+/- Acre CRP and Row Crop Farm

$549,000
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Description

This Southern Warren tract is an investment grade farm with a diverse income from CRP, Row Crop, and alfalfa. The farm is nearly 100% tillable, and has been improved with tiling and terraces. The 10 FSA tillable acres have a CSR2 rating of 51.6. For reference, county average soils are 55 CSR2, which are valued at $7,500 per acre according to AcreValue. The farm is ideally located, in a strong farming community and a 2020 renter is already in place at $160 per tillable acre. Tillable will range between 27 – 55 acres depending on if the new owners desires one of the expiring CRP contracts to be re-enrolled or put into crops. The remaining farm acres are in CRP and alfalfa. (Contact the listing agent for full break down of income.) An Additional 33 acres is also available east of the NW 40.

For the investor with a passion for wing shooting, the grassy draws and adjacent crops make for ideal habitat. Leave some standing crops for some late season hunting, and the whitetails will pour out of the neighboring timber tracts as well. There’s nothing quite like having an investment property that you can enjoy!

Aside from the investment opportunity, this would make an excellent place to build your future home. The South East field sets high above the timbered ridges to the East, making for a breathtaking building site. The rolling nature of the property makes for a private setting, even with other homes in the area. A few other beautiful homes have been constructed along this road, speaking to the desirability of the area. And, with the proximity to Indinaola, all the necessary conveniences are about 15 minutes away.

For more details, contact KILOTERRA Land Broker, Chuck Johnson.

– 110+ tillable acres

– 51.6 CSR2

– Mix of Tillable, CRP, Alfalfa

– Flexibility for additional CRP acres

– 2020 Farm Tenant in place at $160/acre

– Beautiful building site

– AcreValue county average CSR2 55 at $7,500/acre

– 1 hour from Des Moines

– Approx. 15 minutes from Indianola

Property Documents

Detail

  • Property ID: WC111
  • Price: $549,000
  • Property Size: 111 Acres
  • Property Type: Farms & Ranches
  • Property Status: New Listing
  • Address: 130th Ave Lucas, IA
  • County: Warren County
  • State: Iowa