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Investment property with a great return

A 250 Acre investment property in Appanoose County, IA has just opened up. Have you ever walked onto a property that checked all the boxes? With several income opportunities as well as hunting & recreation, this farm brings it all together! It currently has 165 FSA tillable acres. The income from the cash rent on the tillable acres was $36,000 for 2020 and the farm tenants are willing to resume the farming lease. The gravel pit on the West side of property has a 10 year lease for gravel. 3 years of royalty income, 7 years remaining. The deer hunting on this property is world class. Several big deer have been harvested on this property in past years, including a buck over 200 inches on a neighboring farm! With the amount of surrounding timber and the ability to leave crops standing, who knows how many giant bucks you will pull in off the neighboring properties. For extra income, a hunting...

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Property located just north of Plano IA.

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Promised Land and Homes

Corydon, IA

(515) 316-2291

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Promised Land and Homes, (515) 316-2291
Source: MLS# 5710807
Listing last updated: February 6, 2022 at 5:56 PM
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