220 Acres in Newtown, MO - $606,000
PRICE REDUCED!! This property is a nice combination income and hunting property and it provides a 4.5% return on investment. 180 acres of tillable land are currently being farmed at $150 per acre cash rent with a 3 year contract in place. There is also a hunting lease on the property for $2200 per year. This lease can be canceled. Good access to property off of a blacktop highway to the North and a county road to the East. Farm has a series of draws running through it that provide great cover and travel corridors for big North Mo bucks! If you are looking for a nice investment property that provides a good return on your invesment, and provides great deer hunting, you need to take a look at this one.
Property Features:
- Farm consists of 180 tillable acres, balance of farm is in timber and brush.
- Cash rent on tillable portion $150 per acre with lease running through 2016 annual income is ...
- Cash rent on tillable portion $150 per acre with lease running through 2016 annual income is $27,000
- Hunting lease on property for $2200 per year, lease can be canceled.
- Farm income totals $29,000 this is a 4.5 % return on investment.
- Good access off of black top highway from the North and County gravel road to the East
- Nice income producting property that pays as you play!
- Power and water available on North end, good sites for home construction.
- Plenty of cover in the form of timbered draws and brush, to hold deer, turkeys, and other wildlife
- 2 ponds
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