2721 Meisinger , Bellevue NE, 68123
This is a rare opportunity to own an irrigated quarter section in the highly desirable York County, NE. This particular farm has been no till and rotational crops for the last 10 years. The crops are irrigated with an 8 tower Reinke center pivot with a brand new US Motors 75HP electric motor installed this year. Well G-035930 is a 275 foot well pumping at 1207 gpm. The tenant in place has been farming for several years providing $325/acre cash rent with potential to continue leasing. There is also a small pond and patch of timber tucked in the Southwest corner of the property. Soil type consist of primarily Class I Hastings silt loam and Uly-Hobbs silt loams providing excellent yields. For the investor, in 2021 there was a solar land lease put in place, providing additional income on the property. This lease pays out quarterly payments every year in the pre operating period and if a solar farm is constructed, will pay out a very attractive amount resulting in over a 4% ROI.
This is not a commitment to lend. Not all borrowers will qualify. This is for illustrative purposes only and estimates are based on information you provided. Interest rates, mortgage insurance rates, and programs are subject to credit approval and available rates and terms will vary, sometimes drastically, based on borrower eligibility and program selected. For accurate interest rates and mortgage insurance rates please contact your mortgage consultant. For illustrative purposes FHA/VA and USDA loan amounts will include an estimate for the financed upfront MI amount.
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