Listing
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Address
Landproz Real Estate LLC
111 East Clark Street
Albert Lea, MN 56007
Toll Free
1-844-GO-4-PROZ
Local
507-373-5660
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507-377-0344
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#1768 Farm

listing
Acres:
332
County:
Wayne County
State:
IA
Price:
$1,112,200 or $3,350/acre
Directions
332 acres +/-
Wayne County, IA
Price: $1,112,200 or $3,350/acre

Property Description

Made up of ditches, draws and lots of CRP, this farm is an excellent hunting farm with a lot of income to boot. With the potential annual income of over 53k it gives this farm close to a 5% return. Nearly 190 acres are enrolled in CRP and over 60 acres are being cash rented. To top it off a newly built home is overlooking a 3-acre pond that’s fully stocked and offers one of the best views Southern Iowa has to offer. If your looking for a high rate of return with all the recreational benefits, then contact Landroz Broker Glen Salow at 515.494.5560 for more information. 

Property Features

• Total income from CRP and cash rent is $40,380 annually 

• 17.4 acres in CRP until 2030 paying $274.88 per acre

• 52.4 acres in CRP until 2027 paying $204 per acre 

• 118.9 acres in CRP until 2020 paying $130 per acre 

• 63 acres of tillable currently renting at $150.00 per acre with a CSR2 of 36.4

• Another $13k could be additional annual income from house rental and a hunting lease

• Stellar habitat with lots of warm season grasses combined with a variety of draws that serve as natural funnels and pinch points

• Annual flowing river runs North South along the East boundary and creates a major travel corridor for a variety of wildlife

• Lots of edge and several established food plots

• Tract is bordered by several large blocks of timber 

• High abundance of deer and turkey through out

• Maintained and established trail system 

• Several fully stocked ponds with docks have excellent fishing

• Beautiful home that overlooks a 3-acre pond 

• Home is 32’ by 90’ built in 2011 with a 3-car attached garage 

• Approximately 1600 finished square feet consist of 3 bedrooms, two full baths, full kitchen, living room, sunroom and a full deck. 

• Seller would entertain splitting up the property and selling off in separate sales at their discretion.

• Annual taxes $5644

• Farm is located approximately 90 minutes South of Des Moines or 10 minutes South of Allerton.

• Farm will be shown by appointment only. 

• Please contact Landproz Broker Glen Salow for more information at 515.494.5560

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