Red Oak Evergreen Avenue Farmland: Farmland for sale in Montgomery County, Iowa. This property is located in Montgomery County (Red Oak), Iowa

Red Oak Evergreen Avenue Farmland

Montgomery County, IA · 265 +/- AC ($8,000/AC) · $2,120,000

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DISCLOSURE

All boundary lines noted in pictures, aerials or maps should be considered estimates and not relied on as legal documents or descriptions.

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Red Oak Evergreen Avenue Farmland

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Red Oak Evergreen Avenue Farmland

  
  

Montgomery County, Iowa
265 +/- Acres ($8,000/acre)
$2,120,000

Parcel #/ID:  0525300001, 0525300004, 0525300006, 0525300007, 0525300011, 0526200008, 0526400001, 0526400002, 0526400007, 0526400008, 0526400013

Farmland for sale in Montgomery County, Iowa. Contiguous tillable farmland with 2 grain bins, with approximately 25,000 bushel capacity. Lying just over 3 miles from downtown Red Oak, this farm offers meticulously kept buffers and drainage, with multiple points of access along the south property line, 210th St. Existing network of tile drains and terraces. Average CSR2 of 72.6. Crops for 2018 was split with beans on the east side, and corn on the west. Crop land is leased for the 2019 growing season.

Estimated Acres:

258 +/- acres tillable, 7 +/- acres terraces/drainage

Legal Description:

Sec 25-Twp 72-Rng 39

NW 1/4 SW 1/4 Part Lt 1, NE 1/4 SE 1/4 Part Lt 1, Se 1/4 SW 1/4, SW 1/4 SE 1/4 (EX PCL A), SW 1/4 SW 1/4 (EX PCL A), SE 1/4 SE 1/4 (EX 1 ACRE WE WE COR), NW 1/4 SE 1/4, SW 1/4 NE 1/4 LT 3 (EX PCL A & B), NE 1/4 SE 1/4 (EX RR)

Property Highlights:

  • 258 +/- contiguous acres of tillable Montgomery County farmland. Crop land acres are leased for $60,000 per year and is leased for the 2019 growing season.Average CSR2 of 72.6.

  • Terraces and tile drains through-out the property

  • Turnkey farmland with 2 grain bins with approximately 12,500 bushels of storage per bin.

  • Multiple access points across the entire south property line, with county maintained gravel roads offering quick access to Red Oak.

  • Great investment and income-producing farm opportunity!

  • Located about 3 miles outside of downtown Red Oak.

Estimated Income: (Call Agent for Details)

Crop Income: $60,000

TOTAL ESTIMATED INCOME: $60,000

Taxes:  $8,788/year (2017)

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