0000 Evergreen Avenue, Coon Rapids, IA 50058
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
This exceptional 160-acre farm offers a lucrative investment opportunity with 136.4 FSA tillable acres, providing a solid foundation for agricultural pursuits. Currently, 120 crop acres are rented at $300 per acre, generating a substantial annual income of $36,000. The property boasts a CSR2 rating of 64.1, indicative of its productive soil quality and above average for Guthrie County. In addition to the tillable acres, the farm includes 14.29 acres enrolled in the Conservation Reserve Program (CRP), yielding an annual income of $2,758, with the contract expiring in 2030. The current owner will retain the cash rent for 2024, but this can be negotiated to suit the buyer's preferences. Tenants will be terminated by September 1, 2024, making the property open for the 2025 crop year. Possession will be granted at closing, subject to tenant rights. Moreover, the current farmer is open to continuing to farm the property for the new owner, providing a seamless transition and ensuring the farm remains productive. This property represents an outstanding opportunity for both investors and farmers alike. Don't miss the chance to own this highly productive and income-generating farm.
Location
Full feature list
Basic info
- Property type
- Land
- Lot size (acres)
- 160
Taxes
- Tax Annual Amount (2022)
- $3,909.59
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Des Moines Area Association of REALTORS® MLS MLS®#: 698049 Last checked: …
