0000 Evergreen Avenue Pending Save Request In-Person Tour Request Virtual Tour
Coon Rapids,IA 50058
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 698049
Annual Tax Amount $3,909
Tax Year 2022
Lot Size 160.000 Acres
Property Description
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
State IA
County Guthrie
Area Coon Rapids
Zoning A
Others
Monthly Total Fees $325
Acceptable Financing Cash,Conventional,Contract,USDA Loan
Listing Terms Cash,Conventional,Contract,USDA Loan