87th Street , Ottumwa, IA 52501(Wapello County)

Wapello County, Iowa investment ag land on a paved road just outside of Ottumwa, Iowa. This 31+/- acre tract offers investment opportunity with a high percentage of income producing acres from CRP & crop. This property boasts an above average CSR2 across all acres with 17+/- acres of row crop, 10.4 acres of CRP & the remainder being brush/timber with modest hunting/recreational value. The 17+/- acres of row crop offers primary soil types of Humeston & Zook with average of 69.7 CSR2. The crop land makes for an excellent option for cash rent or share crop. The 10.4 acres of CRP pays $253.15/acre totaling $2,632.76 with the contract expiring 9-30-2024. Projecting $200/acre cash rent on the 17+/- crop acres, plus the CRP income; this property has the potential to garner a 4.7% gross return at list price. Small investment tracts with a solid return are hard to find and this Iowa land for sale offers a solid stream of income potential for an investor or add on to a current farm operation.