Located near the Iowa line just North of Unionville, is this very nice versatile farm that offers the new owner a nice return on investment. This farm is about two-thirds open land and the balance is in timber and brush. The open land consists of pasture and tillable with some of the acres of bottom land being in hay (see photo’s). The farm is currently under a pasture and hay lease which has a payment in 2016 with the 2017 lease arrangement increasing in payment. This lease pays in full on March 1st. There is additional income on this farm with a hunting lease being in place payable on September 1st. The lease can be severed if the new owner desires to hunt the property. The combined income of pasture, hay, and hunting leases for 2016 and 2017 reflects a solid return on investment of 4.4% and 4.5%, returns like this are hard to find! In summary, this property is very versatile and offers a lot for someone looking for a nice farm, great deer and turkey hunting, ideal for cattle or horses, and part of it could be row cropped. There is a great place to build a home or cabin on the East side with utilities on site. See all bullet points reflecting the income basis on the tillable and hunting leases. Call for more details or to set up a private showing of this fine North Missouri Farm.

Property Features:

- Beautiful farm located in Northern Putnam County approximately a 1-¾ mile south of the Iowa line

- Farm is approximately 2 hours from Des Moines, 4 Hours from St Louis, 2 ¾ hours from Kansas City

- Very versatile property

- Farm has a great mixture of terrain

- Currently pastured, timber, tillable acreage, great hunting, excellent construction site, utilities on site, good access, creek, ponds, fences

- Farm makeup includes approximately 230 acres of open land currently rented for hay and pasture, of this acreage there is approximately 140 acres of potential tillable, of that, 70 acres M/L of nice bottom land (see pictures) along with the upland tillable

- Could go into production after pasture and hay rental agreement expires, and would make a nice tillable property should the new owner desire

- Balance of the farm is in timber and pasture, several ponds, creek, and old homestead on the East side

- Nice hardwood timber/brush blocks on the property provide great whitetail and turkey hunting

- Area is long known for big whitetail bucks

- Nice creek flows through the property, several ponds scattered around the farm

- Income data on farm: Property is currently rented for hay and pasture; the rental contract is for $25,000 in 2016, and $26,000 for 2017

- Along with the hay and pasture rental, there is a hunting lease in place for $10,000, combined income for 2016 is $35,000 and $36,000 in 2017

- Hunting lease can be severed if new owner does not want this lease

- Pasture and hay lease pays in full on March 1, Hunting lease payment is paid September 1st

- Return on investment on this property is 4.4%, in 2016, and 4.5% in 2017

- Excellent return in todays market

- Old homestead on the East side of the farm, could be rehabbed into a hunting camp or possibly a residence

- Metal shed and an older wood barn

- Public water and Electricity on site

- Excellent location for new home/lodge/cabin construction site, nice quiet setting

- Approximately ¼ mile off Highway 129, good access

- Farm joins larger timber blocks to the North

- This property can be split into two separate tracts, please see Putnam 136 and Putnam 200 Listings. Final Acreage on these tracts to be determined by survey.