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Kophamer & Blean Realty Facilitates $1.6M Sale Of Land In Morrison

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SOLD
$1,601,000

Illinois

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Kophamer & Blean Realty Facilitates $1.6M Sale Of Land In Morrison

Land
Sold
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Summary

Asset Type:Land
Transaction Type:Sale

The sale of land at 0 Penrose Road in Morrison for $1,601,000 was facilitated by Kophamer & Blean Realty. The property is located in Morrison, and its address is 0 Penrose Road.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $1,601,000
  • Market: Morrison

Kophamer & Blean Realty, represented by Ken Kophamer, Suzi Mills, and Larry Brackemyer, acted as the brokers in this deal.

Please note that no additional information was provided in the context.

Players

Ken Kophamer
2 deals$3.7M volume(815) 631-6115
BROKER

Suzi Mills
Kophamer & Blean Realty
2 deals$3.7M volume(815) 766-0049
BROKER

Larry Brackemyer
Kophamer & Blean Realty
1 deal$1.6M volume(815) 499-8650
BROKER

Details

SOLD
IMAGE: Ken Kophamer, Larry Brackemyer & Suzi Mills DATE: 01/26/2024 ADDRESS: 0 Penrose Road MARKET: Morrison ASSET TYPE: Land BROKERS: Ken Kophamer (@Clysticclipper51), Larry Brackemyer & Suzi Mills (@SuziMills) - Kophamer & Blean Realty (@KophamerBleanRealty) SALE PRICE: $1,601,000 NOTE: Kophamer & Blean Realty, represented by Ken Kophamer, Suzi Mills, and Larry Brackemyer, facilitated the sale of land at 0 Penrose Road in Morrison for $1,601,000.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,386.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,688.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,589.56
Annual Debt Service$91,074.68