Appanoose County Investment & Recreational Land for Sale
Solid investment and recreational opportunity on 187 +/- acres of Appanoose County, Iowa land. Located within 1 mile of the Rathbun Lake Marina; this income producing Iowa property offers great hunting and recreational opportunity along with a solid investment potential at a 3.6% gross return. This Iowa land for sale consists of rolling ridges of beautiful native grasses and crop land with fingers and draws of timber. The income stream comes from 66.26 acres enrolled in CRP with $10,068 annual payment until 9-30-27; 67 tillable acres with a 58 CSR2 rented for $200/acre and a $3,500 hunting lease. Appanoose County, Iowa is known for world class whitetail hunting & this property offers plenty of habitat for great hunting regardless of the season. This Iowa property offers multiple points of entrance for future development or home and cabin sites; all within 1 mile of Rathbun Lake and ½ a mile from paved Hwy J5T. The combination of quality Iowa hunting land mixed with sound investment opportunity make this large tract a dynamite option. This Iowa land offers a steady income stream with future potential for added income from future development in a highly sought-after location near the heaviest trafficked area of Rathbun Lake.