- New Listing
- Price Reduced( )
Over 7.5% Gross Return on this 160 acres property. The farm consists of 160 acres m/l currently being used for a 9 hole par 36 Golf Course and 60 acres m/l of Crop ground. The currently owner would like to lease the golf course for $30,000 a year and the crop ground currently rents for $12,000 a year for a gross rent of $42,000 a year. The farm is approx. 1 mile south of Centerville, IA. The city has city sewer on the property so development in the future would be a big bonus to this already incredible investment. The farm could be put back into production with what the owner tells me would be around $6,000 to $8,000 of dirt work. It appears that there would be around 135 acres m/l of total crop ground. This would have to be confirmed with the NRCS office. The entire 160 acre m/l has a CSR2 of 49.2. What is currently being cropped has a CSR2 of 52.6. Farm is located 1 mile south of Centerville, IA on Hwy. 5. This is an opportunity to have a wonderful farm and make a big return.