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USAMOMillerN/a3447 Highway M
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$1,820,000

3447 Highway M, Miller, MO

Real Estate

For Sale

$--,---,---
320
  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Farm
Size -
Garage Yes
Maintenance Fees 
Taxes $4,124
Days Active 81
Approx. Age 1964
MLS® Number 60290231

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

The numbers make sense on this one. New investment opportunity in the Agricultural sector on a +/- 10% CAP rate farm. FARM: This alfalfa-hay & grain operation features majority Class 2 soils with 50% of the farm having a NCCPI (National Commodity Crop Productivity Index) above 78.5 and 31% having a NCCPI above 86.6. The farm has approximately 46 acres of fertile bottom land adjacent to Turnback Creek in the ''Dapue Silt Loam'' soil profile, which is considered ''Prime Farmland'' by the NRCS. Save the expense of establishing a productive alfalfa stand by purchasing an existing operation that has the fertilization and management history necessary for a top producing farm. FINANCIAL: This site's yield history should attract both active and passive agricultural producers. 2024 crop rotation had Wheat, Double Crop Soybeans, and Alfalfa for baleage. We estimate a 10 percent Capitalization Rate and a potential Internal Rate of Return of nearly 16.5%. Owner financing available. Call broker for full in-depth financial analysis. IMPROVEMENTS: Take advantage of depreciation with several property improvements including service roads, a 75x100 red-iron hay barn, a 65x100 red-iron barn, other equipment barns, water well, and an all brick 1, 855+/- square foot home with 3 bedrooms and 2 bathrooms.Show Description
MLS® Number60290231
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1964
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air
Heating Fuel

Extras

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