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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
