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0 W Big Rock Rd, Waterloo, Iowa

$1,161,500
Acres: 114.30
MLS # 547079
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For more information on this land, call Iowa Realty at (515) 453-6004

For more information on this land, call Iowa Realty at (515) 453-6004

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Details: Lots and Land
MLS# 547079
County Blackhawk
Zoning AG
Property Description
This is an investor’s dream. 115 Acres of great farm land in Black Hawk County. This farm has a CSR rating of 86.2, was patterned tiled by Weaver tile from Oran Iowa, and is located on a hard surface rd. Production averages for corn and beans are very good. This ground rents for $300 per acre and has long time tenant on a year to year lease. It also has a mineral lease that has been in place since 1984 and goes until 2028. The mineral lease currently pays $833.33 per month in royalty payments. The royalty will eventually increase when mineral production begins. Don’t miss out on this opportunity.
Utilities
Street Asphalt
Tax & Terms Information
Gross Taxes $3,738
Net Taxes $3,502
Terms Available Cash, Conventional
Listing courtesy of Re/Max Real Estate Group Data courtesy of the Des Moines Area Association of REALTORS

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