Here is a great chance to keep your investment portfolio diversified in a small tract of high-quality farmland in northeast Iowa’s Bremer County. This 39 +/- acres sits just outside of the city limits of Waverly, one of Iowa’s top growing towns in the state. A US Cellular cell phone tower sits prominently on the eastern side of this farm in this highly competitive farming community. Cell tower contracts/payments transfer to the new buyer and are currently paying $530/month. This reliable, supplementary income can graduate, growing with time as a reflection of the Consumer Price Index. Contracts currently are scheduled to run through the year 2042. The 37.46 acres of effective tillable cropland carry an impressive 88.5 CSR2 weighted average showing its great potential to raise high-yielding quality crops year after year. In addition, this farm is inside of Waverly’s future commercial land use plan and has some long-term development potential being located conveniently on the western edge of Waverly’s growing manufacturing and retail locations. The farm is cash rented by the current tenant through the 2022 growing season. Contact Land Agent, Kyle Steinfeldt for more information and to schedule your own private tour of the farm at (319) 243-3273.

Property Features

-39 +/- acres

-Cash rented through 2022 harvest by current tenant

-Taxes $1,190 annually

-88.5 CSR2 weighted average

-37.46 active tillable acres

-Cell Tower contracts appreciate with CPI

-Contracts that run through the year 2042

-Tower contracts currently paying $530/month

-Cell phone tower contracts/payments transfer to buyer

-Inside Waverly’s future commercial land use plan

-Zoned agriculture

-Outside edge of city limit