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$1,275,000

Est. payment - /mo

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120 Acres Lot

Active

11426 Lawrence 2220 Verona, MO 65769

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Rob Tune

robtune@westgaterealty.com +1(417) 293-6923

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Key Details

Property Type Vacant Land

Sub Type Barn/Outbuilding Only

Listing Status Active

Purchase Type For Sale

MLS Listing ID SOM60283451

Style None

Originating Board somo

Year Built 2021

Annual Tax Amount $864

Tax Year 2023

Lot Size 120.000 Acres

Acres 120.0

Property Sub-Type Barn/Outbuilding Only

Property Description

Thank you for viewing this income producing, irrigated-tillable farm that is now available for sale. This farm is an ideal candidate for investors in the agricultural sector looking for stabilized income and good depreciation potential with its multiple structure improvements. To quantify that, this farm averages ~17% annual gross operation income. Other real estate alternatives tend to offer ~9/10%. This farm is well-balanced with its revenue streams coming from both grain as well as well established bermuda grass hay operation. Soil classifications are nearly exclusively class 2 - essentially the best you will find in the region. Farm has a strong management and fertilization history.The property features 90x90 red iron hay barn, 40x80 machine barn, newly erected 40x50 spray barn, multiple other equipment barns, & 3 bins including a newer Brock with 20,000 bushel capacity. This farm can also be purchased with a 3 bedroom 2 full-bathroom home built in 2017 that is perfect for either an owner occupant or to house a farm manger/staff.

Location

State MO

County Lawrence

Direction From Hwy H Head East on FR 2200. Multiple Parcels after that point.

Body of Water Pond(s)

Interior

Heating None

Cooling None

Fireplaces Type None

Fireplace No

Heat Source None

Exterior

Fence Barbed Wire

Present Use Crops,Pasture,Farm

Street Surface Chip & Seal

Garage No

Building

Sewer Septic Tank

Water Private Well

Architectural Style None

Schools

Elementary Schools Verona

Middle Schools Verona

High Schools Verona

Others

Acceptable Financing Cash, USDA Loan, RECD, Exchange, Conventional

Listing Terms Cash, USDA Loan, RECD, Exchange, Conventional

Listed by Sam R. Craft Reece Commercial - Springfield

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Rob Tune

REALTOR® | License ID: 2009016651

+1(417) 293-6923

11426 Lawrence 2220 Verona, MO 65769

Rob Tune

Key Details

Location

Interior

Exterior

Building

Schools

Others

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11426 Lawrence 2220