160 Acres in Lineville, IA - $495,000
This nice, clean farm is located just Northeast of Pleasanton, Iowa not only has great income potential from a nice cash rental agreement, but also has approx 80 acres of timber on it to provide good deer and turkey hunting. Decatur County, Iowa is known for trophy whitetails, and this property joins a huge block of timber to the North and East. The seller of this property has just reached an agreement with a tenant to farm the tillable land for $325 per acre for 2013, and for the next 3 years after, the rent will increase to $350 per acre. If you are looking for a good income producing property with the added bonus of hunting, take a look at this property.
Property Features:
- Property is made up of approximately 80 acres of tillable land and balance of farm is in timber
- Fenced and gated
- Income information-At time of listing seller is putting final agreement together with tenant for cas...
- Income information-At time of listing seller is putting final agreement together with tenant for cash rent on the farm, for 2013, cash rent will be $325 per acre, for 76 acres, for 2014-15-16 the rent will be $350 per acre. There is an additional 4 acres m/L that could be cleaned up and farm also
- Rate of return on this property showing 5% at listed price on $325 per acre
- Farm could be leased for hunting rights for an additional income
- Good access to farm from both the North and South ends of the farm
- Farm adjoins a big block of timber to the North and Northeast
- 2 nice food plots on the North end adjacent to the timber block
- 2 ponds one of them stocked with fish
- Nice barn on the South end of property with electricity available, rural water is about ¼ mile down the road to the West of the entrance to the farm.
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