Lot 10 Deer Trace Drive

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Lot 10 Deer Trace Drive

Morrison, IL 61270
Asking Price
Contact for price
Asset Type
Single Family Rental Portfolio Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property features a total land area of 1.37 acres.
  • This parcel is located on Deer Trace Drive in Morrison.
  • The land is designated for single family rental development.
  • Morrison provides a stable environment for new residential real estate investment.
  • The site represents a functional opportunity for local residential project builders.

What's Special

Developing a single-family rental project on this 1.37-acre parcel provides a strategic investment opportunity within the growing Morrison market. The site offers sufficient space for residential development, catering to the increasing demand for rental housing options in the region. Morrison serves as a stable residential base in northwestern Illinois, characterized by its local economic base and accessible transportation routes that connect to broader regional job centers. The flat, developable nature of this land makes it a viable candidate for investors or builders focused on expanding their residential portfolio in a quiet, established community setting. Its scale allows for a thoughtful project layout that aligns with the requirements of residential tenants seeking a suburban lifestyle. By leveraging this location, developers can tap into the local housing market, providing quality living spaces that address current regional rental needs. This asset serves as a functional foundation for those looking to secure land for future residential utilization in this specific Illinois submarket.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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