Kettley & Co. Inc. Brokers Sell 251 Acres Of Land In Ottawa For $2.175M
SOLD
$2,175,000
Illinois
See Similar DealsSold 04/01/2022
SOLD
Kettley & Co. Inc. Brokers Sell 251 Acres Of Land In Ottawa For $2.175M
1879 North 2703rd Road, Ottawa, Illinois 61350, United States
See Similar DealsSold 04/01/2022
Summary
ILLINOIS
Transaction Type:Sale
The recently closed property transaction in Ottawa involved a land asset consisting of approximately 251 acres. Located at 1879 N 2703 Rd, the property was sold on 04/01/2022 for a price of $2,175,000. Paula Wilkinson and Kathy Bright from Kettley & Co. Inc. represented the parties involved in the transaction.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,175,000
- Address: 1879 N 2703 Rd, Ottawa
- Market: Ottawa
- Land Size: 251 acres
The successful deal was facilitated by brokers Paula Wilkinson and Kathy Bright from Kettley & Co. Inc. They played a crucial role as the representatives of the buyers and sellers, ensuring a smooth transaction process.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,727.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,310.61
Annual Debt Service$123,727.32
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