Vine Avenue, Riverside, IA 52327 - Washington County

For the next ten years, enjoy a payment of $16,931 every October from this thick CRP property along the English River. At asking price, a net 4.1% cap rate will cash-flow this property under the right lending circumstances. The contract on the CRP acres is ongoing through 2030, with a remaining payout of $176,729 (as of 1/1/20). In addition to the income, the habitat is highly attractive to all kinds of wildlife, especially bedding cover for whitetails and upland birds. The deer sign is significant throughout this awesome land investment, just 14 miles south of downtown Iowa City. Access is from an easement off of Vine Avenue, east of the property. Adjacent land is available for sale as well. Call the listing agent for a private showing.

Property Features:

- Wetland trees, brush, grasses, and river bottom timber

- 51.16 m/l acres in CRP $16,931/yr ($330.94/ac.) expires 9/30/2030

- 4.1% ROI at asking price

- Awesome edge and very defined deer trails throughout

- Excellent tree stand and blind locations

- Wildlife haven - deer, turkey, waterfowl, coyotes, rabbits, bobcats, eagles, hawks

- Along the English River

- 20 minutes to Iowa City, Coralville

- 35 minutes to Cedar Rapids

- Taxes approximately $1,512