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111+/- ac Investment Grade Tillable Farm – Calculated 4%+ Return

$499,950
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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 110+/- 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 has been identified at $200 per tillable acre, however the lease is open for maximum flexibility.  Total income from Cash rent, CRP, and alfalfa is approx. $21,708. The adjacent 33 acres  to the NE is also available (estimated $5,514/yr income).  See downloadable income breakdown at bottom of web page.

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.

  •  Section 36 – T 74N – R24W
  •  110+/- tillable acres
  •  51.6 CSR2
  •  Mix of Tillable, CRP, Alfalfa
  •  Flexibility for additional CRP acres
  •  2020 Farm Tenant in place at $200/acre
  • Total calculated income $21,708
  •  Beautiful building site
  •  AcreValue county average CSR2 55 at $7,500/acre
  •  1 hour from Des Moines
  •  Approx. 15 minutes from Indianola

 

Directions:

From West Des Moines, head South on I35 to the New Virginia Exit.  Head East, through New Virginia, continuing on G76 and crossing over Hwy 69.  Two miles after Hwy 69, turn South on 130th Ave and travel about 1 mile.  Property will be on West Side of Road.  

Property Documents

Video

Detail

  • Property ID: WC111
  • Price: $499,950
  • Property Size: 111 Acres
  • Property Type: Building Sites, Farms & Ranches
  • Property Status: Sold
  • Address: 130th Ave New Virginia
  • County: Warren County
  • State: Iowa
  • Zip Code: 50210