Coon Rapids, IA 50058 0000 Evergreen Avenue
$1,520,000
Pending
19 more
Presented By: Kiloterra
Home Details
This exceptional 160-acre farm offers a lucrative investment opportunity with 136.4 FSA tillable acres, providing a solid foundation for agricultural pursuits. Currently, 120 crop acres are rented at $300 per acre, generating a substantial annual income of $36,000. The property boasts a CSR2 rating of 64.1, indicative of its productive soil quality and above average for Guthrie County. In addition to the tillable acres, the farm includes 14.29 acres enrolled in the Conservation Reserve Program (CRP), yielding an annual income of $2,758, with the contract expiring in 2030. The current owner will retain the cash rent for 2024, but this can be negotiated to suit the buyer's preferences. Tenants will be terminated by September 1, 2024, making the property open for the 2025 crop year. Possession will be granted at closing, subject to tenant rights. Moreover, the current farmer is open to continuing to farm the property for the new owner, providing a seamless transition and ensuring the farm remains productive. This property represents an outstanding opportunity for both investors and farmers alike. Don't miss the chance to own this highly productive and income-generating farm.
Presented By: Kiloterra
Interior Features for 0000 Evergreen Avenue
Bedrooms
Total Bedrooms
Bathrooms
3/4 Baths0
Half Baths
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
General for 0000 Evergreen Avenue
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityCoon Rapids
CountyGuthrie
Days on Market
DirectionsFrom the intersection of Highway 141 and Hwy 73/335th St head South 4.8 miles as it turns into Chestnut Road. Turn Left (East) onto 150th St for 2.5 Miles. Then South of Evergreen Ave for about a mil
Full Baths
Garage Y/NNo
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionSE 1/4 OF SEC 35/ TWN 81/ RNG 33
Lot Size UnitsAcres
MLS AreaCoon Rapids
MobileHomeRemainsYNNo
New ConstructionNo
PostalCityCoon Rapids
Private PoolNo
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
Standard StatusPending
StatusPending
Tax Annual Amount3909.59
Tax Year2022
TermsCash, Conventional, Contract, USDALoan
View Y/NNo
Waterfront Y/NNo
ZoningA
Exterior for 0000 Evergreen Avenue
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres160.0
Lot Size Area160.0
Open Parking Y/NNo
Road Surface TypeUnimproved
SpaNo
Additional Details
Price History
Rachel Tiskevics
Realtor®