124.6 Acres in Newtown, MO - $400,000
Here is a nice income producing tillable property that features both cropland and enough timber to provide hunting opportunity for deer and turkeys. This farm is located in a very quiet location off the beaten path. The seller of the property is a row crop farmer and is willing to cash rent back the tillable acreage on a multi-year contract. This provides excellent income on the farm and a nice rate of return on investment. Along with the farmland, there is a 2400 sq. ft. pole building style 3 bedroom, 2 bath home on the property that is partially finished. The seller is leaving a lot of the building materials to finish the house. Alongside the house is a 24 x 34 shop with concrete floor. This is a nice all around farm that provides income, country living, and hunting. Give me a call today for more details or to schedule a showing!
Property Features:
- Nice tillable farm and home/shop loca...
- Nice tillable farm and home/shop located approximately 25 minutes southwest of Unionville and 10 minutes east of Newtown
- Farm consists of 99.3 acres of tillable and the balance of the property is timber and brush and has several ponds
- 2400 square foot pole barn style home, 3 bedroom and 2 bath
- The home is partially finished and has in-floor radiant heat, Pex plumbing, Amish built cabinets, vinyl double pane windows, heavily insulated
- Seller is leaving some of the building materials with the property such as drywall, some lumber, etc.
- Refrigerator, stove, microwave and dishwasher all stay with the house
- Nice 24 x 34 shop next to the house, built in 2008, with a concrete floor and stadium style lights
- Seller is a row crop farmer and willing to cash rent the tillable acreage back on a multi-year contract for $160 per tillable acre
- Income on the farm based on cash rent of $160 per tillable acre is $16,000, which is a 4% rate of return on the farm at list price
- There is also the option of doing a 50-50 crop share on the farm income
- There is also potential for hunting lease for additional income of approximately $15 per acre
- Farm could be seeded down to pasture after the 2017 crop year if new owner desires and no tillable agreement is in place
- Seller is very flexible on several rental scenarios including renting the house back along with the tillable acreage, call me for details on this
- This farm can also be purchased in two separate tracts, see 41.8 and 82.8 parcels that are listed separately
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