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Key Details
Sold Price $555,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 631313
Sold Date 09/09/21
HOA Y/N No
Annual Tax Amount $2,206
Lot Size 120.000 Acres
Acres 120.0
Property Description
This Adair County farm is a recreational and bird hunting paradise with an excellent return. The farm consists of 120 +/- total acres with 80.86 acres enrolled in CRP, paying $17,910.49 annually through 2026. The farm also has 30 acres of pasture rented at $85/acre for an additional $2,550 of income. The total annual income from the farm is $20,460.49, generating a 3.5% ROI. Additional income could be generated through a hunting lease.
Located just 45 minutes from the Des Moines metro, this farm meets the common “one hour or less” requirement a lot of buyers are searching for. Upon walking this farm, it was evident the pheasant hunting will be phenomenal. I heard numerous rooster pheasants while taking photos of the property and saw a few take flight. With freshly burned CRP from this past spring, the habitat will be perfect for the upcoming fall season.
Location
State IA
County Adair
Area Orient
Zoning Ag
Interior
Fireplace No
Exterior
Utilities Available Electricity Available
Private Pool No
Building
Water Rural
Others
Tax ID 1228400007
Monthly Total Fees $183
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Midwest Land Group LLC