LEWIS COUNTY MO 199: Ledbetter
This 199 +/- acre (Ledbetter) property is located off of highway E in Lewis co MO, and is a nice hunting farm with a ton of income. There is currently 161+/- acres in tillable production, with the balance in timber and brush. The neighboring properties have large blocks of timber to consistently hold large numbers of deer and turkey, and the ditches and draws here make perfect ambush spots.
The current farmer has offered to continue to work this property, and will agree contractually for 3 years to a cash rent price of 210.00 per acre, producing $33,810 of income for the new owner. Soil types here are 47% Armstrong loam with 5% to 9% slope, and 32.1% Kilwinning Silt loam with 1% to 5% slope.
Property will support at $15.00 to $20.00 hunting lease, providing an additional $3000.00+/- of income.
These numbers will produce a return on investment of 3.69% with a $15.00 an acre hunting lea...
These numbers will produce a return on investment of 3.69% with a $15.00 an acre hunting lease, or a 3.39% return without that lease.
Property is located north of Labelle, MO
Great ROI for a combo farm
Deer density of very good in this area
Property is located 165 miles north of St. Louis, MO
50 miles north of Hannibal, MO
Listed at $995,000.00 or $5000.00 per acre
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