This 40.45 acres is located in Lewis Co. MO, just north of Labelle off of county road 340. There are currently 32+/- acres in tillable production, and the current farmer has offered to continue to work the ground for the new owner. Cash rent on this property is $200.00 per acre, bringing in $6400.00 of annual income. With these numbers, you have a return on investment of 3.51% at asking price.
Even though this is a small tract, dont underestimate the deer hunting possibilities here. The deer density in this area is very high, and the draws on this farm will hold deer.
The soil types on this property are 43.9% Kilwinning silt loam with a 1% to 5% slope, 30.5% Keswick loam with a 9% to 14% slope, and 25.7% Keswick loam with a 5% to 9% slope.
Affordable tract with nice income
Deer hunting opportunities
Property is close to electric and Highway K
Nice building sites
Property is listed at ...
Property is listed at $182,025.00 or $4500.00 per acre
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