Amanda Bowman
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
This 73.12 +/- acre income producing farm is located just Northeast of Ottumwa, Iowa, in Competine Township. Located on the edge of one of Southeast Iowa's productive agricultural regions, this farm offers an excellent combination of income potential, future row-crop production, and recreation opportunity, this property is well suited for investors, farmers, and outdoor enthusiasts. The farm is currently enrolled in the Conservation Reserve Program, with 60.65 acres generating $15,497 in annual income through September 30, 2026. Upon expiration of the contract, the new owner will have the opportunity to utilize the farm with whatever practices are best suited. The current production acres carry a strong 67.4 CSR2 average, with the predominant soil types consisting of Zook, Colo, and Vesser soils. The remaining acres feature timber, brushy fence rows, and wooded draws that create exceptional wildlife habitat. Cedar Creek winds along the Southern boundary of the property, while timbered draws and natural fencerows funnel deer and turkey movement throughout the farm, providing multiple stand locations and great hunting opportunities. Whether you're looking for a manageable farm to begin or expand your farming operation, a recreational property with dependable income, or an investment with future production potential, this versatile Wapello County farm offers an outstanding opportunity in a desirable location.
Property Highlights
Property Type: Land - Farm
Total Acres: 73.12 Acres
Zoning: Agriculture
General Information
County: Wapello
Listed By:
Hawkeye Farm Mgmt & Real Estat
641-932-7796
No Coast MLS
MLS ID: 6341117
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60th Avenue, Hedrick, IA 52563.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $584,960 | $584,960 | $584,960 |
| Down Payment | $116,992 | $20,474 | $146,240 |
| Monthly Mortgage Amount | $2,920 | $3,583 | $3,643 |
| Taxes | $814 | $814 | $814 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $257 | $0 |
| Monthly Estimated Total | $3,905 | $4,825 | $4,628 |
Amanda Bowman
REALTOR®
Office: (563) 441-5100
Cell: (563) 940-1760
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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