Fremont County ROI Farm: Attention Investors & Farmers, Looking for leased farmland that offers an incredible income opportunity. This property is located in Fremont County (Hamburg), Iowa

Fremont County ROI Farm

Fremont County, IA · 74 +/- AC · $555,000

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Fremont County ROI Farm

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Fremont County ROI Farm

      

Fremont County, Iowa
74 +/- Acres
$555,000

Parcel #/ID:  310310643000000, 310310642000000, 310310632000000, 310310638000000

Attention Investors & Farmers,

Looking for leased farmland that offers an incredible income opportunity. Approximately 4.6+/-% Return on Investment.

Estimated Acres:

73.92 acres M/L consisting of approximately 29 acres m/l tillable and 41.9 m/l acres of CRP.

Legal Description: Download Legal Description

Property Highlights:

  • 41.9 Acres m/l Leased to US GOVERMENT Thru Conservation Reserve Program (CRP). 10 year lease contract from 10/1/2014-10/1/2014 @ $329.03/acres = $13,793/Year. Subject property has been leased thru the CRP for the last 20+ years.

    29.0 ACRES m/l Leased to Manildra Milling Corporation. Long term tenant of 20+ years. Yearly contract that renews every September @ $14,000/Year.

    Gross Rental Income: $27,793

    Existing Taxes: $2,2311

    Existing Insurance: $114

    Net Operating Income: $25,398

  • Fully leased farmland; tenants for 20+years.

  • Leases renewable with potential for cost of living increases.

  • Property could be reverted to farmland for crop production, good balance of tillable land and CRP. The tillable land is rich soil with a high CRS of 79.1Excellent access to tillable ground offers short drive to Coops in Hamburg.

  • Recorded easement for CRP ground.

  • Contact Pete Ryerson for full property details.

Estimated Income:

Crop Income: $14,000

CRP Income: $13,786

TOTAL ESTIMATED INCOME: $27,786

Taxes:  $2,311/year (2017)

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