Large Contiguous Tillable, Pasture And Hunting Farm For Sale In Northeast MO

Description

This is an excellent Northeast Mo tillable, pasture and hunting farm! Located northwest of Memphis approximately 11 miles, this farm has outstanding highly fertile bottom land and upland tillable that is currently being cash rented to a local farmer who has farmed the property for several years. The bottom land on this farm is some of the best in the area. The pasture portion of this farm has excellent fences and water, and the current owner is willing to rent the pasture ground back from the new owner if so desired. A ranch-style home sits on the northern end of the property (currently used by hunting lease tenants for a hunting camp) along with several outbuildings and a large machine shed, and 3 grain bins. If you are looking for a large combination farm that offers it all, give this one a look, call for more information or to set up a showing.

Property Details

  • Located northwest of Memphis
  • Super nice, very hard to find combination farm
  • Farm is an excellent tillable, pasture, and hunting farm in one big contiguous tract
  • 308 acres of prime bottom tillable land
  • 132 acres of high-quality upland tillable
  • 110 acres of pasture land with good fences and water
  • Balance of the farm is timber that offers great hunting for deer and turkeys
  • Some good white oak timber on the property could be select cut
  • Older ranch style house on the farm, big machine shed, and couple other small outbuildings
  • House is approx. 1200 sq. foot and has been used by tenants on the hunting lease; it could be renovated or updated into a nice residence
  • 3 grain bins on property
  • Income data: 440 acres tillable is being cash rented for $280/acre, total cash rent is $123,200
  • Seller will rent back the pasture for $100 per acre, for additional $11,000 if new owner would desire to rent it
  • Tillable rent is paid ½ spring ½ fall payments
  • Hunting lease on the farm is $21,000 including use of the house for hunting season
  • Total income on the farm is $155,000, this is a 3.7 % ROI at asking price

County Road 664
Downing, Missouri 63536