bedrooms
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Acreage
40.0
Open Houses
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AUCTION!! Located northwest of Rolfe, IA, this high-quality farmland boasts an impressive 86.3 CSR2 rating. It comes with a cash rent lease in place, generating $11,550 per year through 2027. This tract offers a fantastic opportunity for those seeking reliable returns on premium tillable ground. This farm offers an attractive rental rate combined with tax credit potential — a great investment opportunity! The seller has received a tax credit certificate through the Beginning Farmer Tax Credit program. You may be eligible for this tax credit for the next three years; however, it will be your responsibility to apply for the tax credit certificate through the Iowa Agricultural Development Division Board and the Iowa Finance Authority. Legal Description: E 1/2 E 1/2 NW 1/4 Section 25-93-32 Possession Terms: Landlord possession until April 1, 2028. Closing Date: On or before February 21, 2025 Soil Productivity: 86.3 CSR2 FSA Farmland: 39.93 FSA Cropland: 38.53 Taxes: $1,270 Annual Real Estate Earnest Deposit: 10% due upon Seller's acceptance of your bid Tenancy: The farm is rented for the 2025, 2026 and 2027 season. Rent Proration: Buyer will receive all rent for 2025, 2026 and 2027 directly from the tenant on November 1 of each year, in the amount of $11,550, according to the existing lease. THIS PROPERTY WILL SELL AT AUCTION! THE PRICE SHOWN IS NOT REFLECTIVE OF THE ASKING/SALES PRICE!
Location | |
Subdivision | - |
County | Pocahontas |
Elementary School | - |
Middle School | - |
High School | - |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 6323808
Listing agent:
Jason Smith
#***
Listing broker:
Dreamdirt Farm & Ranch Real Estate
(641) 423-6400
Copyright © 2025 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Thursday, January 23 2025 at 7:56 p.m. EST
Kotohomes National
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