Bought with Steinfeldt Kyle • Midwest Land Group, LLC
$687,600
$687,600
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72 Acres Lot
SOLD DATE : 01/04/2024
Key Details
Sold Price $687,600
Property Type Vacant Land
Sub Type Crop
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20234237
Sold Date 01/04/24
Annual Tax Amount $1,764
Lot Size 72.000 Acres
Acres 72.0
Lot Dimensions Irregular
Property Sub-Type Crop
Property Description
This productive 72+/- acre tillable tract in Butler County lies just 6 miles north of Aplington, IA on paved highway, County Road T25. 69.84 acres are FSA/Effective Cropland Acres with tillable soils averaging 61.6 CSR2 and made up primarily of Lawler Loam, Waukee Loam and Marshan Clay Loam with 0-2 percent slopes. This farm is in a great location in a well-known agricultural hub between Kesley, Allison and Aplington. The farm is leased for the 2024 growing season at a very attractive rate (call agent for details), providing an impressive return with 2024 cash rent going to the new buyer and a very reputable and long-term tenant in place that has taken excellent care of the land. Improvements to remove trees and debris were recently made to the waterway to improve the tillable acres and edges to help maximize the productivity of those acres. Portions of the farm were also recently tiled, contact agent for tiling maps/details. Multiple field approaches, and excellent location and proximity to co-ops and grain merchandizing opportunities make this an excellent opportunity to add acres to an existing operation or a great addition to an investment portfolio with a great return from a tenant in place.
Location
State IA
County Butler
Zoning A
Interior
Fireplace N
Exterior
View Y/N true
Building
Sewer None
Water None
Others
Acceptable Financing NBR20234237
Listing Terms NBR20234237
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Brokerage | License ID: 42732