Kermit, Galt, MO 64641 - Mercer County

Northern Missouri properties, in counties that border Iowa are in high demand. Productive soils and exceptional whitetails combine to feed the reputation of the area. This rolling 400 contiguous acres offers a tremendous return on investment, as well as a fantastic hunting experience. There are approximately 285 tillable acres currently in production which generates $43,500 annually. There has been a hunting lease in place at $10 per acre, which is set to expire 9/2017. There are two homes on the property that also generate income. The home on the west side of the property has had a very reliable 12 year tenant and rents for $250 per month. The home on the east side of the property has a land contract in place with the gentleman that leases the hunting rights. That pays out at $300 per month and there is another $29,000 remaining on the contract. The new owner can continue with the existing contract or unwind it if they so choose. There are also several stocked ponds on the farm, which adds to its utility. This farm is split by the Mercer/Grundy county line. 240 acres of this farm is in Mercer County and 160 acres lies in Grundy County. The entire 400 acres is being offered here collectively, however, the 240 acres and 160 acres can be purchased separately.

400 Contiguous Acres more or less

Located on the Mercer County/Grundy County line, 20 minutes South of Princeton, Missouri

240 acres lies in Mercer County

160 acres lies in Grundy County

5 ponds & active creek

Approximately 285 Tillable acres, rented in 2017 for $43,500

Hunting lease generates $4,000/year ($10/ac) - expires 9/2017

West home rented for $250/month to a 12 year tenant

East home on land contract to hunting lessee for $300/month, with a remaining balance of $29,000 which would go to buyer. Contract could be unwound

$54,100 in total annual income

4.65% ROI on this farm at list price

Great hunting for deer and turkey

Several open areas for food plots

Diverse habitat and rolling terrain

Located 2 Hours from Kansas City, MO; 3.5 hours from St Louis, MO

2016 Property Taxes $324.85