This 133.6 acre property (Smith Charlies House) is located just outside of Labelle, MO off of 205th Street. There are currently 125+/- acres in tillable production, with the balance in timber and brush. The current farmer has offered to continue to work the property for the new owner, and will agree contractually for 3 years to pay $220.00 an acre for that right. This will produce $27,500.00 of annual income to the new owner, and a return on investment of 3.74% at asking price.
Soil types here are 46% Leonard Silt loam with a 1% to 6% slope, and Kilwinning silt loam at 42.8% with a 1% to 5% slope.
Nice investment property
South side of farm could produce a deer as well
165 miles from St. Louis MO
50 miles from Hannibal, MO
Listed at $734,800.00
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