Fremont County ROI Farm
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.
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
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.
Crop Income: $14,000
CRP Income: $13,786
TOTAL ESTIMATED INCOME: $27,786
Taxes: $2,311/year (2017)
Listing ID#: 1126662