250th St Chariton IA 50049 MLS #2959322011

Nestled in the picturesque landscape of Lucas County, Iowa, this 48-acre property offers a unique investment opportunity. Comprising 48.19 farmland acres, with 41.6 of them designated as cropland, this land boasts potential for various uses, making it an attractive investment prospect. There are 3.71 base corn acres featuring a PLC yield of 89 and 0.7 base bean acres with a PLC yield of 26. This property provides versatility for agricultural pursuits. The diverse soil composition includes 21 acres of 62-68 CSR2 Pershing and Arispe silty clay loam, offering potential for cropping, alfalfa, wheat. A significant highlight of this property is its enrollment in the HEL Iowa CRP program, covering 37.01 acres and generating an annual income of $5, 984 until 2027. With a current list price, this investment yields 1.7% ROI, making it a compelling alternative to traditional financial markets. For outdoor enthusiasts, this property presents a unique appeal. It backs up to over 200 acres of pristine timber, offering underrated hunting opportunities. Whether you’re considering an alternative investment to diversify your portfolio or seeking a property to leverage 1031 money for a strategic move-up, this Lucas County gem provides a promising path to growth and financial security. Only 25 minutes from Knoxville, Iowa, this property combines the serenity of rural living with convenient access to amenities.