Gerald Rhea Trust Sale $5,275-5,575/deeded acre

Gerald Rhea Trust Sale Brochure

Legal Description: Pt S½NW¼ & N½SW ¼ of Section 32, Twp 114 N, Range 44 W (Wergeland Twp).

Acres: 148.83 Deeded acres 141.73 FSA Tillable Acres Suggested Range: $5,275-5,575/deeded acre

Location: Northwest of Porter, MN on Hwy 68

SALE INFORMATION:

148.83 deeded acres of gently rolling, high quality cropland with access on Hwy 68. The land has been owned by the Rhea family for many years. The land includes 141.73 FSA tillable acres with a weighted CPI of 91.6. Brensall-Tress (31% of soils-CPI 95) & Forman-Aastad (19% of soils-CPI 94) complexes are the most common soils. Parcel is enrolled in ARC-CO.

Land is leased for 2019, and Buyer will have the choice of closing immediately and receiving 2019 lease payment and paying 2019 Real Estate Taxes or closing in the fall of 2019 with Seller retaining the 2019 rental income and paying 2019 Real Estate Taxes. Lease will be provided to buyer prior to signing purchase agreement. Property sold ‘As Is.’ Sale will not be contingent on financing. Possession at closing subject to 2019 lease. Cash sale with 15% earnest money required upon signing purchase agreement.