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Randy Hastings Of Hillard Agency Brokers $2.8M Sale Of 115-Acre Ranch In Tuscola
SOLD
$2,796,552
Illinois
See Similar DealsLand
Sold 08/30/2024
SOLD
Randy Hastings Of Hillard Agency Brokers $2.8M Sale Of 115-Acre Ranch In Tuscola
402 East North Line Road
See Similar DealsLand
Sold 08/30/2024
Summary
ILLINOIS
Asset Type:Land
Transaction Type:Sale
A 115-acre ranch located at 402 East North Line Road in the Tuscola market has been sold for $2,796,552. The property consists of 111 acres of farm ground and an additional 4-acre tract, which includes a horse barn, pastures, grain bins, and a machine shed. This land presents potential for residential development.
Summary of transaction details:
- Property Type: Ranch
- Transaction Amount: $2,796,552
- Address: 402 East North Line Road
- Market: Tuscola
- Acres: 115
- Broker: Randy Hastings
- Agency: Hillard Agency
Randy Hastings represented the transaction as the broker, facilitating the sale of the property which is suitable for agricultural use and possible future residential development.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,149.44
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,935.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,257.08
Annual Debt Service$159,085.00
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