Solid 3.5% ROI on 72+/- Acres, Livingston County, MO

Available For Sale:

Great Opportunity For Investor-3.5% ROI At The Asking Price

Price: $496,000

Location: CR 330 Hale, MO 64643
County: Livingston
School District: Tina-Avalon R2

Acre Breakdown:
72+/- Total Acres to be determined by legal survey prior to closing.
66+/- Tillable Acres

Taxes:
Approximately $3 per acre- – to be verified by the buyer.

Viewing The Farm:
Interested parties are welcome to go look at the farm. 

Property Features:
3.5% ROI at Asking Price
Highly Tillable
Road Frontage
7 Points Above County NCCPI Average
Moderate Topography Changes
2 Miles to Highway 65
15 Miles to Chillicothe, MO
20 Miles to Carrollton, MO

Property Details:
Here is a great, but also a time sensitive opportunity to purchase 72+/- acres in Livingston County. Last Fall the property came out of the Conservation Reserve Program and is being converted to row crop for 2023. The current owner is offering the property for sale for a limited time, in hopes of being able to use the farm as part of a 1031 exchange. He already has the farm he is purchasing under contract so the timeline is short. Should the seller not be able to move the farm prior to the deadline they plan to keep the farm. The owner would like to sell the farm, but would also be interested in leasing back for row crop production. Lease would be for at a rate of $265 per acre on 66 tillable acres for 3 years, equaling $17,490 in annual income. If a new owner has their own farmer or would like to farm it themselves, the farm can be open for 2023 harvest. 

With moderate slopes of 2-9% on the majority of the farm and a NCCPI soil rating 7 points higher than the county average, this is a great opportunity to purchase a nice farm. Please do not postpone questions or interest on this farm, as it will only be available for a limited time. 

Directions: 
From Chillicothe, MO head South on Highway 65. Turn East on LIV 330. Property sits on North side of Road and also borders LIV 361 to the East. 

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