393 Acres in Redding, IA - $1,495,000
If you are looking for a great investment farm with phenomenal hunting, this is it. Through the CRP payments and Cash Rent, and hunting lease, the farm currently generates $70,000 in annual income for a 4.68% ROI. With some changes to the CRP enrollments, that could be raised to 5.14%, which is nearly impossible to find in today's market. More details below.
This farm is in the middle of a huge section, with neighbors also managing for trophy whitetails and extreme care is given to reduce human intrusion. The majority of it has been off limits to any outside hunting for over 14 years and there are no cases of trespassing . The farm has paved highway frontage but almost all of it is hidden from the road, creating an environment where the deer move freely during daylight hours.
The farm is absolutely turnkey. The timber has extensive Timber Stand Improvement, several food plots are well e...
The farm is absolutely turnkey. The timber has extensive Timber Stand Improvement, several food plots are well established, stands are up and the bucks have been managed for 5+ year olds since 2008. This farm has the best documented history of growing and holding big bucks of any property I've seen. Current owner has documented several bucks from yearlings through maturity which is a testament to the holding power of this area. The last 7 deer taken on this farm gross B&C scored 160?,160?, 166?, 177?, 161", 188?(broken G-2) & 196.
The seller will rent the hunting rights on the adjoining East 240 acres to the buyer, which would provide access from the North and East roads as well as control over 640 acres by only purchasing 393. Alternatively, the seller would lease back hunting rights on the 393 ac @ $6,600/yr.
A 24 x 38 steel utility building with power, water, and concrete floors overlooks 1 of the 4 stocked ponds on the farm. Approx. 143 acres of the farm is solid hardwood timber with primarily oak, hickory and some walnut. 250+/- acres are improved farmland with the majority terraced and tiled. If completed today, this investment would likely cost over $100,000.
Farms like this rarely hit the open market! Try to find more impressive trail or harvest pictures on a property for sale anywhere; especially one with this investment opportunity.
If you're looking for a once in a lifetime hunting tract, with great income and plenty of character, please give me a call to see this farm today.
Current Income ($70,047.42):
85 acres tillable @ $25,500/yr
Approx. 158 acres CRP @ $37,947.42/yr
Hunting Lease @ $6,600/yr
Additional Income Potential:
Enroll 25 acres Tillable into CRP @ $344.40/ac (increase over tillable rent)
Buy out approx. 37 acres at current CRP rate of $127.99 and renew into new rate of approx. $250.
For more details, contact Land Specialist Chuck Johnson at cjohnson@mossyoakproperties or call 515-442-7709
This farm will be shown to qualified buyers by appointment only.
Directions:
From Mount Ayr, travel West on IA-2 to County Hwy P27. Turn South on P27 toward Redding, and travel approximately 3.5 miles until you arrive at the address: 2648 County Hwy P27 Redding, IA 50860
Property is located in Section 25 and 26-T68N-R31W
Keywords: Hunting Land for Sale, Iowa, Ringgold County, Decatur County, Land for Sale, Hunting Land, Whitetail Hunting, Deer Hunting, Income Property, Farmland, ROI, Farming, Income, Return on Investment, Land for Sale, Whitetail Deer
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