Goodwin & Assoc. Real Estate Acquires 140 Acres Of Land In Beecher For $2.4M
SOLD
$2,385,000
Illinois
See Similar DealsSold 08/19/2022
SOLD
Goodwin & Assoc. Real Estate Acquires 140 Acres Of Land In Beecher For $2.4M
141 West Goodenow Road, Beecher, Illinois 60401, United States
See Similar DealsSold 08/19/2022
Summary
ILLINOIS
Transaction Type:Sale
The sale of a land property in Beecher has been completed. The property, located at 141 W Goodenow Rd, spans approximately 140 acres. The transaction was facilitated by Mark Goodwin of Goodwin & Assoc. Real Estate LLC. The property was sold for a total price of $2,385,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,385,000
- Date: 08/19/2022
- Address: 141 W Goodenow Rd
- Market: Beecher
- Broker: Mark Goodwin - Goodwin & Assoc. Real Estate LLC
The completion of this transaction was made possible by the efforts of Mark Goodwin, representing Goodwin & Assoc. Real Estate LLC. Their expertise in the Beecher market was instrumental in facilitating the successful sale of this 140-acre land property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,473.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,306.12
Annual Debt Service$135,673.40
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