157 Acres in Guthrie Center, IA - $785,000
It’s not too often that a dynamite hunting property of this caliber becomes available in western Guthrie County. It’s even more rare when that farm produces enough income to provide a 2.73% Cap Rate and 3.00% ROI. This farm has it all; phenomenal deer, turkey, and pheasant hunting along with great income that makes for sound land investment. This farm is absolutely loaded with wildlife. Every time I’ve been on the property to photograph it I have flushed pheasants and glassed flocks of turkeys. The farm sits between two substantial blocks of timber and is the travel corridor and bedding area for a healthy deer population. The neighbors are like-minded deer managers, and it’s only a matter of time before this farm is producing top-end bucks on a yearly basis. There are two established strategically placed food plots on the east and south side of the farm to take advantage of fall and earl...
It’s not too often that a dynamite hunting property of this caliber becomes available in western Guthrie County. It’s even more rare when that farm produces enough income to provide a 2.73% Cap Rate and 3.00% ROI. This farm has it all; phenomenal deer, turkey, and pheasant hunting along with great income that makes for sound land investment. This farm is absolutely loaded with wildlife. Every time I’ve been on the property to photograph it I have flushed pheasants and glassed flocks of turkeys. The farm sits between two substantial blocks of timber and is the travel corridor and bedding area for a healthy deer population. The neighbors are like-minded deer managers, and it’s only a matter of time before this farm is producing top-end bucks on a yearly basis. There are two established strategically placed food plots on the east and south side of the farm to take advantage of fall and early winter prevailing winds. Both food plots have brand new elevated Bank’s Stump 3 blinds. Although the farm is relatively open, the creek bottoms and terrain funnel the deer movement by small stands of timber that make ideal ambush points for the bow or gun hunter. The established CRP practices are starting to mature which will continue to improve the amount of bedding habitat and thermal cover on the property. If you’re looking for a great land investment that also provides year-round recreational opportunities, take a serious look at this farm and call me to schedule a private showing today!
Property Features:
- 52.92 acres currently enrolled in CRP (CP-42) at $279.17/acre or $14,773.68 annually under a brand new contract and will expire 9/30/2027
- 66.0 acres currently enrolled in CRP (CP-38E) at $132.93/acre or $8,773.38 annually under a contract in it’s 7th year and set to expire 9/30/2020
- Total 2018 farm income: $23,547.06
- 3.00% rate of return calculated using gross income and list price
- Capitalization rate of 2.73% calculated using list price and current net operation income
- 210th Street is the northern border of farm and is a county maintained gravel road providing access to the property from the north, east and west
- There is a great building site for a rural home or metal building that overlooks the entire farm from a high ridge providing unobstructed and spectacular views to south
- A great balance of CRP and timber provide optimal security cover, bedding and food for all wildlife
- This farm is located just over 11 miles west of Guthrie Center and 18 miles west of Panora
- The Adair exit on I-80 is 16 miles straight south of the farm
- Union Township is a very rural and uninhabited area with low human population density leading to low hunting pressure and high densities of game animals
- Electricity is available at the property along 210th Street
- There are multiple barns/sheds on the property that can be fixed up and used for ATV/UTV and equipment storage
- Annual taxes are $2,138.00 (2016)
Directions
Call agent for directions.
Provided By
More by Garret Armstrong
