Homes for sale - 11426 Lawrence 2220, Verona, MO 65769

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Denver Wade

denver@wildhillsrealty.com +1(417) 293-6404

$ 1,275,000

Est. payment | -/mo

120 Acres Lot

Save

$ 1,275,000

Est. payment | -/mo

Save

120 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Acreage

Listing Status Active

Purchase Type For Sale

MLS Listing ID SOM60283453

Originating Board somo

Annual Tax Amount $864

Tax Year 2023

Lot Size 120.000 Acres

Acres 120.0

Property Sub-Type Acreage

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

Fireplace No

Exterior

Fence Barbed Wire

Utilities Available Electricity, Security System, Private Well Available, High Speed Internet

Waterfront Description None

Street Surface Chip & Seal

Building

Lot Description Acreage, Paved, Pond(s)

Schools

Elementary Schools Verona

Middle Schools Verona

High Schools Verona

Others

Acceptable Financing Cash, USDA Loan, Exchange, Conventional

Listing Terms Cash, USDA Loan, Exchange, Conventional

Listed by Sam R. Craft Reece Commercial - Springfield

+1(417) 293-6404

denver@wildhillsrealty.com

1302 W 3rd St, Plains, MO, 65775, United States

11426 Lawrence 2220 Verona, MO 65769