Lucerne, MO 64655 - Putnam County

3.8% RETURN ON INVESTMENT AT THE ASKING PRICE. PRICE REDUCED, MOTIVATED SELLER!

Property Features:

3.8 % Return On Investment At Asking Price

Quality CRP-Renewing Through 2032

Deer Hunting Opportunities

Large Pond

Hunting Lease Income

Duck Hunting Opportunities

Road Frontage

Fenced And Gated

Electricity At Road

Property Details:

Here is an excellent CRP farm that will provide a new owner a 3.8% return on investment beginning in 2023. This farm sits just South of Highway 136, West of Unionville, MO. Of the 122+/- total acres 98.2+/- are currently enrolled in CRP. The contract is currently being renewed for another 10 years through 2032 at a projected rate of $146 per acre, providing steady income. This property also includes a hunting lease that pays $4,500 annually. Should a new owner decide to hunt the property there is plenty of bedding cover and the long wooded draw through the middle of the property provides an excellent travel corridor. The NW corner of the property includes a large pond that provides excellent fishing and duck hunting opportunity. If you have been looking for a nice hunting property that provides great income then give this place a look!

2023 Income Projections:

CRP- 98.2 acres at $146 an acre= $14,377 (new contract 2023-2032)

Hunting- Annual payment of $4,500

Total- $18,887 annually (3.8% return at asking price)

Hunting Rights:

The farm is leased for hunting at a rate of $4,500 annually. This lease will expire January 15th 2023. New owner to honor existing hunting lease.