11426 Lawrence 2220 Active Save Request In-Person Tour Request Virtual Tour
Verona,MO 65769
Key Details
Property Type Vacant Land
Sub Type Barn/Outbuilding Only
Listing Status Active
Purchase Type For Sale
MLS Listing ID SOM60283451
Style None
Year Built 2021
Annual Tax Amount $864
Tax Year 2023
Lot Size 120.000 Acres
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
Interior
Heating None
Cooling None
Fireplaces Type None
Exterior
Fence Barbed Wire
Building
Sewer Septic Tank
Water Private Well
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