$799,900 $4,294 est/mo Sourced by Back At You

220 Road,Grant City, MO 64449

Grant City MO, 64449

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Description

Price Reduced! This investment and recreational farm located in Worth County, Missouri offers substantial income and various recreational uses with a picturesque gently rolling landscape. Consisting of 150 +/- total acres with 121 +/- tillable acres in production, strategic grass waterways, two ponds, and mature timber draws this farm is located at the end of a dead-end gravel road, offering great access but still very remote and secluded. Offering a 3.4% ROI at asking price before a hunting lease with a tenant wanting to execute a long term lease. The tillable land on the farm is in great condition with a cover crop on and oversized grass waterways in place to mitigate soil erosion. The farm has an excellent reputable farm tenant with a lease in place at $225 per tillable acre providing $27,225.00 per year. The farm has been planted in beans for 2024 which were drilled into the current cover crop. The beans are beginning to sprout and the farm will be sprayed soon by the farm tenant. The current farm lease expires at the end of 2024 however the tenant would prefer to continue a long-term lease on the farm no less than the $225/acre rental rate. The tillable acres consist of predominantly Class III and II soils known as Shelby and Kennebec Silt Loam. The rolling topography on the farm increases the recreational and hunting aspects along with the grass waterways and timber draws creating additional wildlife habitat. There are several deer trails throughout, excellent turkey roosting trees on the perimeters, and two ponds one of which the dam has been opened but could be expanded significantly to make a nice fishing pond. There is currently no hunting lease in place for 2024 so this can all be enjoyed this coming fall season, or added on for additional income this year. This is an excellent investment and recreational farm option in Northwest Missouri.

Details

MLS#2488915
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site64
Listing Provided ByMidwest Land Group | Will Wiest
Buying Commision2.5%

Features

ZoningAg
Acreage150.00
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Listings Checked: 4 minutes ago
StateMO
CountyWorth
CityGrant City
Zip Code64449
Area999 Other Missouri Area
School DistrictWorth County
Listing VS Median (in 64449)
Price:
$799,900
low | high
Med:
$0
On Site:
64
low | high
Med:
Sourced by Back At You
Listing Updated: July 8, 2024 at 2:31:29 PM PDT