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Miller,MO 65707
Key Details
Property Type Other Types
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID SOM60290231
Style Ranch
Bedrooms 3
Full Baths 2
Originating Board somo
Year Built 1964
Annual Tax Amount $4,123
Tax Year 2024
Lot Size 208.000 Acres
Acres 208.0
Property Sub-Type Single Family Residence
Property Description
The numbers make sense on this one. New investment opportunity in the Agricultural sector on a +/- 10% CAP rate farm. FARM: This alfalfa-hay & grain operation features majority Class 2 soils with 50% of the farm having a NCCPI (National Commodity Crop Productivity Index) above 78.5 and 31% having a NCCPI above 86.6. The farm has approximately 46 acres of fertile bottom land adjacent to Turnback Creek in the ''Dapue Silt Loam'' soil profile, which is considered ''Prime Farmland'' by the NRCS. Save the expense of establishing a productive alfalfa stand by purchasing an existing operation that has the fertilization and management history necessary for a top producing farm. FINANCIAL: This site's yield history should attract both active and passive agricultural producers. 2024 crop rotation had Wheat, Double Crop Soybeans, and Alfalfa for baleage. We estimate a 10 percent Capitalization Rate and a potential Internal Rate of Return of nearly 16.5%. Owner financing available. Call broker for full in-depth financial analysis. IMPROVEMENTS: Take advantage of depreciation with several property improvements including service roads, a 75x100 red-iron hay barn, a 65x100 red-iron barn, other equipment barns, water well, and an all brick 1,855+/- square foot home with 3 bedrooms and 2 bathrooms.
Location
State MO
County Lawrence
Area 2035
Direction West on HWY 96, North on HWY M, Property on West after ''S'' Bend.
Body of Water Pond(s),Yr Rd Creek,Spring(s)
Rooms
Basement Unfinished,Partial
Interior
Interior Features Wash/Dry Connection,Laminate Counters,High Speed Internet
Heating Central
Cooling Central Air
Flooring Carpet,Laminate
Fireplaces Type Gas
Fireplace No
Heat Source Central
Exterior
Garage Spaces 2.0
Fence Barbed Wire
Utilities Available Cooperative
Roof Type Asphalt
Present Use Crops,Pasture,Farm
Garage Yes
Building
Foundation Block
Sewer Septic Tank
Water Private Well
Architectural Style Ranch
Structure Type Brick
Schools
Elementary Schools Miller
Middle Schools Miller
High Schools Miller
Others
Acceptable Financing Cash,USDA Loan,Owner Carry 1st,Conventional
Listing Terms Cash,USDA Loan,Owner Carry 1st,Conventional