$860,000
$1,006,200
14.5%For more information regarding the value of a property, please contact us for a free consultation.
0 County Road 2225 Vandalia, IL 62471
172 Acres Lot
Key Details
Sold Price $860,000
Property Type Vacant Land
Sub Type Acreage & Farms
Listing Status Sold
Purchase Type For Sale
Subdivision Sharon Township
MLS Listing ID 19090763
Sold Date 10/29/20
Lot Size 172.000 Acres
Acres 172.0
Property Sub-Type Acreage & Farms
Property Description
3.5% ROI possible with this farm!
Farmer has received offers of $250 per acre in cash rent on the 151 tillable. That's would result in an ROI of just over 3.5%, Interest rates are at an all-time low, and NOW is the time to invest in land.
172 acres with 151 being tillable. The property has great PI's, good overall layout, and even though it is bottom ground, it is planted and harvested every year.
Contact agent for historical yield data, finance options, possible split of the land, and other flexible seller options.
Farm is currently being farmed on shares and is averaging a 3% ROI, but with cash rent offers, the number could be pushed as high as 3.5%.
Owner financing is possible.
Location
State IL
County Fayette-il
Zoning None
Interior
Fireplace N
Exterior
Parking Features false
Utilities Available None
Private Pool false
Building
Lot Description Creek, Wooded
Sewer Other
Water None
Level or Stories None
Schools
Elementary Schools Vandalia Dist 203
Middle Schools Vandalia Dist 203
High Schools Vandalia
School District Vandalia Dist 203
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, Owner May Finance, Other
Listing Terms Cash Only, Conventional, Owner May Finance, Other
Special Listing Condition No Exemptions, None
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Bought with Mitchell Cain