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0 W Big Rock Rd, Waterloo, Iowa

$1,108,800
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
INVESTOR'S DREAM. 115 Acres of rich farm land in Black Hawk County (112 acres tillable) just North of Waterloo. Farm ground has a CSR rating of 86.2, patterned tiled by Weaver Tile from Oran Iowa. Located conveniently on hard surface road. Production averages for corn and beans are high. Tillable ground rents for $33,600 per year with long standing tenant on a year to year lease. Farm has mineral lease with royalty payments $10,000 per year, and should increase when mineral production begins. Lease has been in place since 1984 and goes until 2028 (lessee has offered to extend an additional 20 years).
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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