232 Acres in Novinger, MO - $625,600
Here is a very versatile farm that offers a great return on investment! This farm features both bottom tillable and hill tillable, along with hay production or could be fenced for cattle. Farms that offer a great return on investment like this one are hard to find that have a nice mix of features that this one does. Current tillable income is $27,800 and there is a hunting lease that pays $3480, combined income of $31,280 at listed price reflects a 5% rate of return. There are several nice construction sites with scenic views, if you are looking to build a home or cabin with utilities available. If your wish list for a farm includes investment and hunting in northern Missouri, call for more information or to set up your private viewing.
Property Features:
- Versatile farm that offers bottom and up tillable, pasture, and timber for hunting.
- Property is conveniently located about 15 miles w...
- Property is conveniently located about 15 miles west of Kirksville, Missouri. Approximately 3 hours northwest of St Louis Metro, 3 Hours east of Kansas City
- 161 acres tillable, balance in pasture/hay and timber. There is a few more acres of available tillable with a little cleanup/dozer work.
- Tillable income breakdown: 81 acres of bottom ground with cash rent of $200 per acre, 80 acres of hill ground tillable with cash rent of $145 per acre. Total tillable cash rent $27,800.
- Hunting lease income is $15 per acre, $3480.
- Total income package for this farm is $31,280, this is a 5% return on investment!
- Good access from Billy Creek road, well maintained county road.
- Excellent whitetail and turkey hunting.
- Good construction sites for home or cabin, couple of spots offer very scenic views of the creek valley.
- 1 older barn and a hay shed on property
- Utilities available
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