0 270Th St Kellerton, IA 50133
This exceptional 40-acre property in Ringgold County, Iowa, presents a unique investment opportunity. Located near Kellerton (zip code 50133), this land boasts 33 FSA tillable acres, ideal for row crops. Recent improvements exceeding $40,000 include tiling, terracing, and new water intakes, enhancing productivity and minimizing future expenses. The property's adjacency to a large hog barn provides access to free manure, further reducing fertilizer costs and maximizing yields. The farm is accessible via a gravel county road running its width. A multi-year lease-back option from the current owner is available. Situated approximately 75 miles from Des Moines, this location offers convenient access while maintaining a rural setting. This property is perfect for investors seeking diversification and strong returns, combining agricultural potential with hunting opportunities. The land's location in Eastern Ringgold County provides access to a strong agricultural community. This is a rare opportunity to acquire high-quality farmland with significant recent improvements at an attractive price point of $278,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.