17171 Royal Ave Clarksville IA 50619 MLS #2951017599

This one of a kind farm is amazing and has endless opportunities. Right on the river and only a couple miles out of town makes this 123 acres M/L a rare find. This farm includes a homestead house with 4 bedrooms and 1 1/2 bathrooms, barn with cattle set up including feed bunks and 2 open face sheds, garage with shop, 50 X 60 quanset shop/storage shed that is cemented and has a tall overhead door, another 45 X 80 cemented machine shed with 2 overhead doors, 9000 bushel grain drying bin plus another open end quanset storage building. 80 acre M/L of pasture ground and buildings are currently rented for $6065/year. The house is currently rented for $750/month ($9000/year), and approx. 25 acres M/L of tillable are rented for $275/acre ($6765/year). Total rent coming in each year is $21, 830. This is subject to county approval of dividing the tillable on the east side of the road/railroad tracks from the west side. Owner is related to the listing realtor. River bottom acres are in the 100 year flood plain. House and buildings and high acres are not in any kind of flood plain. Septic system will have to be completed when the weather allows. Well is shared between the 2 houses and it is on this property. Water test has been completed and was good. Leases will have to be honored for 2023. There are several parcel numbers. Buyer will possibly have to cooperate with a 1031 exchange. LP tank will be staying.