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Oscar Brand & Mark Goodwin Sell 192.82 Acres Of Land In Beecher, IL For $2.2M

Property Image
SOLD
$2,200,000
Mark Goodwin
OB

Illinois

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Land
Sold 08/11/2023
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Property Image
SOLD

Oscar Brand & Mark Goodwin Sell 192.82 Acres Of Land In Beecher, IL For $2.2M

155 E Goodenow Rd Beecher, IL 60401, USA

See Similar Deals
Land
Sold 08/11/2023
Mark Goodwin
OB
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Land
Transaction Type:Sale

A total of 192.82 acres of land located at 155 East Goodenow Road in Beecher, IL, was recently sold for a price of $2.2 million. The property comprises two parcels, with one measuring 152.82 acres and the other measuring 40.0 acres. Along with the land, the sale includes homes, farm buildings, stables, and productive farmland. The farmland features 175.78 tillable acres and boasts an average soil PI of 118.4.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $2,200,000
  • Address: 155 East Goodenow Road, Beecher, IL
  • Market: Beecher
  • Total Acres: 192.82

Oscar Brand of RE/MAX City served as the buyer's representative in this transaction, while Mark Goodwin from Goodwin & Associates Real Estate represented the seller. The involvement of these real estate professionals ensured a smooth and successful sale of the property.

Players

Mark Goodwin
Goodwin & Associates Real Estate
Mark Goodwin
15 deals$32.8M volume
BROKER
OB
Re/Max
Oscar Brand
1 deal$2.2M volume
BROKER

Details

SOLD
IMAGE: Oscar Brand & Mark Goodwin DATE: 08/11/2023 ADDRESS: 155 East Goodenow Road MARKET: Beecher ASSET TYPE: Land ~ ACRES: 192.82 BUYER'S REP: Oscar Brand - RE/MAX City (@Remax.City) (@Remax) SELLER'S REP: Mark Goodwin - Goodwin & Associates Real Estate SALE PRICE: $2,200,000 NOTE: Two parcels of land, totaling 152.82 acres and 40.0 acres, were sold for $2.2 million in Beecher, IL. The property includes homes, farm buildings, stables, and productive farmland with 175.78 tillable acres and an average soil PI of 118.4.

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

$117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47