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Property Attributes
- MLS#242353
- TypeLand
- CountyLAWRENCE
- CityVerona
- Area15 - Lawrence County
- Zip65769
- StyleFarm
- Taxes$ 1103
- Price$ 1,974,608
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size243 Acres
Data Source:
Ozark Gateway Association of REALTORS® (OGAOR)
Property Description
Thank you for viewing this proven income producing tillable farm that is now available for sale. This farm is an ideal candidate for passive income absentee 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%. Couple that with a unique flexibility and balance to offer income from irrigated crop ground (center pivot irrigation), bermuda/orchard grass hay, and grazing for livestock. Soil classifications are nearly exclusively class 2 - essentially the best you will find in the region. This farm includes 4 parcels. On the southern parcel is a 90x90 red iron hay barn, 40x80 barn, newly erected 40x50 spray barn, multiple miscellaneous other equipment barns, & 3 bins including a newer Brock with 20,000 bushel capacity. Also available is a parcel to the west which features a 3 bedroom 2 full-bathroom house built in 2017 that is perfect for either an owner occupant or to house a farm manger/staff. The home has many signs of quality with its spray foam construction, tile floors, walk in shower, custom cabinetry, instant hot water heater, and stainless appliances. Even the deck is built with steel supports to ensure longevity.
Price History | |
---|---|
5/17/2024 | Listed $1,974,608 |
General Features
Sewer | Sewer - Septic,Septic Tank |
---|---|
Topography | {u'Level': True} |
Property SubType | Farm |
County | Lawrence |
Property Type | Land |
Other Structures | Workshop |
Status | Active |
Directions | From Highway H head East on FR 2200. Multiple parcels to the North. |
City | Verona |
View Y/N | No |
MLS Area | 15 - Lawrence County |
Lot Size Units | Acres |
Lot Size Square Feet | 10585080.0 |
Land Lease Y/N | No |
Tax Annual Amount | 1103.43 |
Lease Renewal Y/N | No |
MLS Area Minor | 15 - Lawrence County |
Additional Parcels Y/N | No |
Lease Considered Y/N | No |
Rent Control Y/N | No |
Standard Status | Active |
MobileHomeRemainsYN | No |
Senior Community | None |
New Construction | None |
Interior Features
Fireplace Y/N | No |
---|---|
Electric On Property Y/N | Yes |
Exterior Features
Fencing | Barbed Wire |
---|---|
Lot Features | Farm Pond |
Lot Size Area | 243.0 |
Spa | No |
Lot Dimensions | 243.2 |
Lot Size Acres | 243.0 |
Crops Included Y/N | No |
Open Parking Y/N | No |
Horse Y/N | Yes |
Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool