- 474 +/- deeded acres
- Very well maintained and highly productive farm
- Perfect investment farm
- Good hunting for the owner or great income as a hunting lease
- 285 tillable acres
- $64,125 tillable income – $225/ac cash rent
- $10,000/yr hunting lease if desired
- $74,125 annual income
- 3.8% return on investment at full asking price
- Long term tenant would sign 5 year contract extension at $225/ac
- 3 miles south of Chillicothe, Missouri
Trophy Properties & Auction is proud to offer this amazing 474 +/- acre farming and investment property located just south of Chillicothe, Missouri. The property is located on US 65 Highway, 3 miles south of Chillicothe, and it truly is a beautiful piece of highly tillable Grand River bottom dirt.
There are currently 285 acres in crop production that offers a cash lease of $64,125/yr. on crops alone. It currently has an annual payment of $225/ac of cash rent with 5 years remaining on the contract. The property has been very well maintained over the years and remains highly productive and will remain so for many years to come. When you walk the fields, edges and timber you will see an abundance of wildlife sign that will make for a great hunting tract for every wind direction. The abundant food and water in the area will see loads of deer and turkeys. The hunting could be leased for additional income if you would like to improve the ROI as well. There have been big deer seen multiple times in the neighborhood over the years. With its proximity to the Grand River, duck & goose hunting could be a great opportunity as well.
Whether you are looking to expand your current operation or diversify your portfolio, this is a place to not overlook. The ROI coupled with the location makes this a prime asset for the investor looking for annual cash flow and appreciation year over year. This kind of investment property does not come around often.
For more information or to schedule a showing, contact Sam Voss (913) 526-9369