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Sale · Land

Updated Dec 4, 2024

Toby Stay Of Landguys LLC Facilitates Sale Of 203 Acres Land In Mount Sterling For $1.3M
SOLDLand

Toby Stay Of Landguys LLC Facilitates Sale Of 203 Acres Land In Mount Sterling For $1.3M

$1,300,000

Building Size

Asset Type

Land

Closing

Jul 16, 2024

About this deal

AI

The transaction involved the sale of 203 acres of vacant land located at 1370 E 1180th Street in Mount Sterling, with a sale price of $1,300,000. The land features a cabin, a machine shed, a stocked pond, and diverse terrain suitable for deer hunting and recreational activities, situated in Brown County, IL.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,300,000
  • Acres: 203
  • Address: 1370 E 1180th Street
  • Market: Mount Sterling
  • Broker: Toby Stay - Landguys, LLC

Toby Stay represented Landguys, LLC in the facilitation of this sale, bringing expertise to the transaction involving the significant land parcel.

Players

Toby Stay

Landguys

Broker

$1.3M

vol

1 deal

Broker

Market Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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