Properties

Highlights:Income Producing From Farmland and Cell Tower On Pavement Barns for Equipment Storage Location of Land: Located 1.4 miles East of Ruthven, Iowa.Directions to the Farm: From Ruthven, head East on US-18 E for 1.3 miles. The farm will be on the right (South) side of the road. Legal Description: Sec 21-96N-34W. (Parcel ID's: 200021002010, 2000210002020, 200021002021, 200021002030, 200021002040)Taxable Acres: 151.22Taxes: $4,260 EstimatedTillable Acres: 148.81 (Surety Maps)CSR2: 79.6 (Tillable)Agricultural Buildings: Steel Utility Building: 44ft x 90ft, Built-in 1979Steel Utility Building: 30ft x 63ft, Built-in 1975Cell Phone Tower Income: $5,808 Estimated Cell Phone Tower Contract: The Cell Phone Tower is operated by US Cellular and began operations in July 2015. The lease will automatically renew for up to five additional five-year terms, unless the tenant provides written notice to the landlord at least 60 days prior to the expiration of the current term, indicating their intention to terminate the lease. All provisions of the lease will remain unchanged during these renewal periods.Zoning: A-1 Ag Farm Tenancy: The farm is currently rented for 2024.

Monthly payments are estimates based on current market rates for a 30-year fixed mortgage with 20% down and 5.0% interest. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.