157 Acres in Guthrie Center, IA - $683,750
It’s not too often that a dynamite hunting property of this caliber becomes available in western Guthrie County. It’s even more rare when that farm produces enough income to provide a 2.27% Cap Rate and 2.57% ROI. This farm has it all; phenomenal deer, turkey and pheasant hunting along with great income that makes for a sound land investment. This farm is absolutely loaded with wildlife. Every time I’ve been on the property to photograph it I have flushed pheasants and glassed flocks of turkeys. The farm sits between two substantial blocks of timber and is the travel corridor and bedding area for a healthy deer population. I can only imagine the quality and size of the bucks that live in the CRP and brushy thickets on this farm. Although the farm is relatively open, the creek bottoms and terrain funnel the deer movement by small stands of timber that make for ideal ambush points the bow ...
It’s not too often that a dynamite hunting property of this caliber becomes available in western Guthrie County. It’s even more rare when that farm produces enough income to provide a 2.27% Cap Rate and 2.57% ROI. This farm has it all; phenomenal deer, turkey and pheasant hunting along with great income that makes for a sound land investment. This farm is absolutely loaded with wildlife. Every time I’ve been on the property to photograph it I have flushed pheasants and glassed flocks of turkeys. The farm sits between two substantial blocks of timber and is the travel corridor and bedding area for a healthy deer population. I can only imagine the quality and size of the bucks that live in the CRP and brushy thickets on this farm. Although the farm is relatively open, the creek bottoms and terrain funnel the deer movement by small stands of timber that make for ideal ambush points the bow or gun hunter. If you’re looking for a great land investment that also provides year-round recreational opportunities, take a serious look at this farm and call me to schedule a private showing today!
Property Features:
- 52.82 FSA tillable acres with a weighted average CSR2 of 58.9
- Tillable acres are currently rented for $165.00/acre or $8,715.30 annually
- 66.0 acres currently enrolled in CRP (CP-38E) at $132.93/acre or $8,773.38 annually - this contract is in it’s 7th year and is set to expire 9/30/2020
- Total 2017 farm income: $17,488.68
- Capitalization rate of 2.27% calculated using list price and current net operating income
- 210th Street is the northern border of farm and is a county-maintained gravel road that provides access to the property from the north, east and west
- There is a great building site for a rural home or metal building that overlooks the entire farm from a high ridge and provides unobstructed and spectacular views to south
- A great balance of tillable acres and CRP/Timber provide optimal food and cover for all wildlife
- This farm is located just over 11 miles west of Guthrie Center and 18 miles west of Panora; the Adair exit on I-80 is 16 miles straight south of the farm
- Union Township is a very rural and uninhabited area in western Guthrie County, and this low human population density leads to low hunting pressure and high densities of game animals
- Electricity is available at the property along 210th St.
- There are multiple barns/sheds on the property that can be fixed up and used for ATV/UTV and equipment storage.
- Annual taxes are $2,028.00 (2015)
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