Kermit Rd, Galt, MOMercer 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 it’s utility.

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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