Wapello County Farm Land for Sale

Land Description

High percentage income producing, top tier investment agriculture unit. 350+/- acres of quality Iowa cropland and CRP located in great ag country just east of Blakesburg, Iowa and southwest of Ottumwa, Iowa. 313+/- income producing acres, of which 214 highly tillable crop acres and 98 acres buffer Crp. This quality Wapello County investment unit is mostly open and income producing with extensive tile and terrace work across the level to gently rolling terrain. 60 CSR 2 average on 214 tillable acres and 56 Csr2 average on CRP & tillable combined. With access from 3 roads, this tillable tract offers multiple points of entrance for large equipment, semis and grain trailers. Primary soil types consist of Grundy, Edina and Pershing, with 60+ Nhel crop acres. This property garners a 3.4 gross return at list price with sustainable income from quality row crop tenant and long-term CRP contracts call for income specifics. Subject to tenant's rights for 2018, cash rent and CRP income will be paid as agreeable between buyer and seller. Cropland for sale in this area of Wapello County is hard to come by, especially large contiguous tracts. This quality investment unit is 89 income producing and yields a solid long-term return. Additional 80 acres adjoining could be added with 74 tillable, call for details.