Vine Avenue, Riverside, IA 52327 - Washington County

Diversify your land investment portfolio with a property that is currently generating $25,511 per year in Conservation Reserve Program payments. This listing is bringing a 4.1% net cap. rate at asking price, making this a strong investment opportunity. This Wetland Restoration CRP habitat is comprised of grasses, trees, and shrubs creating thick wildlife cover, and there is significant deer sign throughout (check out the trails in the snow.) Two flooded ponds that were built to hold water in the wetland attract waterfowl as well, rounding out this excellent income-producer into an enjoyable hunting tract. 54 of the 95 acres is being offered for sale separately as well. Call the listing agent for a private showing.

Property Features:

- Comprised of 84 CRP acres and 11 timber acres

- 51.16 ac. in CP23 pays $16,931/yr ($330.94/ac.) expires 9/30/2030

- 33.10 ac. in CP23 pays $8,580/yr ($259.20/ac.) expires 9/30/2021

- 4.1% ROI at asking price (that accounts for property taxes)

- Thick native wetland habitat (grasses, forbs, small trees)

- Heavy deer trails throughout

- Excellent tree stand and blind locations

- Abundant waterfowl, deer, and turkey populations

- English River frontage

- 20 minutes to Iowa City, Coralville

- 35 minutes to Cedar Rapids

- Taxes approximately $2,650