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Investment Property, Income Producing, Recreational Farm with Future Private Lake

County: Appanoose
120th Ave , Plano IA 52581
$1,500,000

Property Description

Great Return on Investment
A 250 Acre investment property in Appanoose County, IA has just opened up. Have you ever walked onto a property that checked all the boxes? With several income opportunities as well as hunting & recreation, this farm brings it all together! It currently has 165 FSA tillable acres. The income from the cash rent on the tillable acres was $36,000 for 2020 and the farm tenants are willing to resume the farming lease. The gravel pit on the West side of property has a 10 year lease for gravel. 3 years of royalty income, 7 years remaining. . The deer hunting on this property is world class. Several big deer have been harvested on this property in past years, including a buck over 200”s on the neighboring farm! With the amount of surrounding timber and the ability to leave crops standing, who knows how many giant bucks you will pull in off the neighboring properties. For extra income, a hunting lease would bring a premium. As if you need any more reason to say yes to this amazing property, you will have your own personal 80 Acre lake that is 60’ deep once the gravel has been sold off. The fishing, jet skiing, tubing and memories made on this property will make it a very special place indeed. It also boasts several perfect building locations, one being off the existing driveway with electricity already in place. The seclusion and lack of traffic on the road makes this a great spot for country living. Don’t forget that the 21,000 acre all sports Lake Rathbun is right at your back door, too. With a short drive you can be fishing, boating, and tubing until your own private lake is built. Including the hunting lease this property will generate over a 5% return on investment which I have not seen on the market in recent times, if ever! Call for your private showing today.

Property Details

Key Features

  • Investment Property
  • Future Private Lake
  • World Class Hunting
  • Gravel Pit Income
  • Tillable Income
  • Buildable Lot with electric