Available for auction is a nice income-producing agricultural property located in Hamlet that offers a lot of potential and features that could be appealing to a new owner. This tract offers a reliable income from farming and has multiple building locations for someone looking for residential development opportunities The property is currently cash rented and provides an annual income of approximately $3,500.00 is a great benefit for someone looking to make a return on their investment with farming income. This farm is currently in a corn and soybean rotation and consists of loamy sand soils with an average NCCPI of 46.83. The location of this property is very desirable as it is in a quiet, secluded rural area but conveniently located on US Highway 35 and has approximately 1360 of highway frontage. Less than 24 miles east of Valparaiso, IN., 15 miles west of Plymouth and 5 miles north of Knox, IN.

Details:

Tract #: 1Deeded Acres: 40FSA Farmland Acres: 39.41DCP Cropland Acres: 39.03Soil Types: Morocco loamy sand, Maumee variant loamy sand, Brems sandSoil PI/NCCPI/CSR2: NCCPI 46.83 (county average 53)CRP Acres/payment:NATaxes: $846.72Lease Status: Open Tenancy for 2024 crop yearPossession: Immediate possession subject to current tenants’ rights for 2023Survey needed?: No survey neededBrief Legal: 40A SE NE S27 T34N R2W PIDs: 75-02-27-200-006.000-015Lat/Lon: 41.369716, -86.621157 Zip Code:46532

Property Features:

- Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com

- Onsite bidders should bring a government-issued ID

- 10% down payment immediately after auction - cash, personal, or business checks accepted

- If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

- High bidder has 30 days to close unless otherwise noted

- Announcements on auction day will take precedence over any prior announcements

- This is a no contingency sale and is not subject to financing or additional inspections

- Possession at closing, subject to tenant’s rights, if any

- If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

- All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

- Nearly all tillable

- Morocco loamy sand

- Maumee variant loamy sand

- Near Knox, IN

- Over 1300 feet of highway frontage

- Open tenancy for 2024