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Mary Susan Grahlherr Of Southern Realty Brokers Sale Of 278.34 Acres Farmland In Mount Vernon For $2.36M
SOLD
$2,361,610
Illinois
See Similar DealsLand
Sold 08/30/2024
SOLD
Mary Susan Grahlherr Of Southern Realty Brokers Sale Of 278.34 Acres Farmland In Mount Vernon For $2.36M
Land
Sold 08/30/2024
Summary
Asset Type:Land
Transaction Type:Sale
This transaction involved the sale of 278.34 acres of land located at 0000 East Violet Road in Mount Vernon. The sale price was $2,361,610. The property comprises 276 tillable acres that are currently farmed with a rotation of corn, soybean, and wheat. There is potential for future building sites on the property.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,361,610
- Acres: 278.34
- Broker: Mary Susan Grahlherr
- Agency: Southern Realty
- Market: Mount Vernon
Mary Susan Grahlherr represented the seller in this transaction, facilitating the sale of the property on East Violet Road in Mount Vernon. The land's agricultural capabilities and the potential for future development were significant factors in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,952.53
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,390.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,195.24
Annual Debt Service$134,342.83
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