0 Hwy 5, Centerville, IA 52544 | Centerville Home For Sale and Real Estate

0 Hwy 5, Centerville, IA 52544

$510,500   

  • Sold
  • MLS# 20166361
  • Land/Farm/Lots
  • $548,000Listed Price
  • $510,500Sold Price
  • 61Active Days On Market
  • 0Beds
  • 0Baths
  • 0Sqft
  • 0Style
  • 0Baths
  • 160Acres
  • 0Sqft
  • 160Acres
  • AppanooseCounty

0 Hwy 5

Centerville, IA 52544

$510,500


  • Sold
  • MLS# 20166361
  • Land/Farm/Lots
  • Listed Price $548,000
  • Sold on 08/23/2017
  • Active Days on market 61
  • 0Beds
  • 0Baths
  • 0Sqft
  • 0Style
  • 0Baths
  • 160Acres
  • 0Sqft
  • 160Acres
  • AppanooseCounty


  • 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.
Subdivision
Bedrooms 0
Bathrooms Full: 0  3/4: 0  Half: 0
Lot Size 160
Lot Style
Style 0
Taxes(Est) 0.00
Year Built 0
Square Footage 0
Finished Bsmt Sq.Ft.
County Appanoose
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Exterior(Est)
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Roofing
Water/Sewer City Sewer,Rural Water
Heat/Cool
Basement
Appliances
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Fireplace
Kitchen/Dining Remarks
Additional Amenities

Listing originally offered by : Carl T Cisler, Hometown Realty
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