INVESTOR'S DREAM. 115 Acres of rich farm land in Black Hawk County (112 acres tillable) just North of Waterloo. Farm ground has a CSR rating of 86.2, patterned tiled by Weaver Tile from Oran Iowa. Located conveniently on hard surface road. Production averages for corn and beans are high. Tillable ground rents for $33,600 per year with long standing tenant on a year to year lease. Farm has mineral lease with royalty payments $10,000 per year, and should increase when mineral production begins. Lease has been in place since 1984 and goes until 2028 (lessee has offered to extend an additional 20 years).
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