240 Acres of Salt River Bottom Ground 4.3% Return

Clarke Ave , La Plata Mo, 63549

Knox County

Price: $1,250,000

$5208 per acre

The location of this farm makes for easy access off hwy 63 and Hwy E. Its situated just NE of La Plata, MO in Knox County, but touching Adair and Macon Counties.
Farm lays favorable to farming and is primarily all bottom ground.
25% are Class II soils consisting of 49.8 Fatima Silt Loam and 1.8 Gifford Silt Loam.
The remainder are mostly class 3 soils Consisting of Chequest, Gifford, Arbela, Wabash, and Vesser
The farm has a current cash rent offer for the next 3 years 2021-2023.
Cash rent @ $230 per acre x 207 Acres would make a yearly payment of $47,610.
Spring payment - all upfront March 15
There is a rental house on the property that's currently rented for $300/month or $3600/yearly.
This could be a great sources of additional income, sold off, or turned into a hunting cabin.  The current tenant has been there for some time and would really like the opportunity to keep renting.
This farm is in a great area for big Northern Missouri Whitetails. A couple nice funnels, cover and food are sure to send those rutting whitetails through this farm.
Hunting leases in this area are a hot commodity and should bring in at lease another $2500 annually
Investment wise the total income on this farm would be at least $53,710 annually and 4.3% return on asking price.
Call, Text, or Email Jeff Quinn today for more information 1-660-734-3925.
Directions:
Go 3 miles North of La Plata on Hwy 63 then turn Right/East onto Hwy E.
Proceed East on Hwy E for 6.25 miles. Hwy will make a 90 to the left.
Take Wilson Town Lane 1/2 mile to the Right/South.
Turn Left/East onto Surratt Creek Ln and the farm is 2 miles straight ahead across T intersection.
Taxes: $1235.78
Contact
Jeffrey Quinn, Broker
Cell: 660-734-3925
Office: 660-258-3185

WE KNOW LAND.

We farm it. We hunt it.

And we raise our
families on it.

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