Stephen Barr Of Advantage Realty Brokers $1.45M Sale Of Mazon Ranch Property
$1,451,000
Building Size
—
Asset Type
Land
Closing
Apr 3, 2024
About this deal
AI
The property at PCL South Old Mazon Road in Mazon, a ranch spanning 133.87 acres, was sold for $1,451,000. The farm includes 105 1/2 tillable acres, woods, creek, and leased hunting property, which is currently leased through February 2026.
Summary of transaction details:
- Property Type: Ranch
- Transaction Amount: $1,451,000
- Address: PCL South Old Mazon Road
- Market: Mazon
- Acres: 133.87
- Broker: Stephen Barr - Advantage Realty
Stephen Barr of Advantage Realty facilitated the sale of the ranch property at PCL South Old Mazon Road. The property features a diverse landscape, including tillable acres, woods, and a creek, making it an attractive investment opportunity for the buyer.
Players
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
10.93%
Cash-on-Cash
-3.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93