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Land Parcel In Apple River Sold For $1.27M With Broker James Sullivan
SOLD
$1,270,000
Illinois
See Similar DealsLand
Sold 10/02/2023
SOLD
Land Parcel In Apple River Sold For $1.27M With Broker James Sullivan
Land
Sold 10/02/2023
Summary
Asset Type:Land
Transaction Type:Sale
A land parcel of 118 acres located at TBD North Canyon Park Road in Apple River was sold for $1,270,000. The transaction was brokered by James Sullivan of Jim Sullivan Realty.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,270,000
- Market: Apple River
- Address: TBD North Canyon Park Road
- Broker: James Sullivan - Jim Sullivan Realty
The sale of the 118-acre land parcel at TBD North Canyon Park Road in Apple River was facilitated by James Sullivan from Jim Sullivan Realty. The transaction marks an important development in the real estate market of Apple River, offering opportunities for potential buyers looking to invest in large land assets. James Sullivan's expertise and experience in the field of real estate will likely contribute to the success of this transaction for both the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,512.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,020.45
Annual Debt Service$72,245.38
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