Lot 6 Deer Trace Drive

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Lot 6 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).

  • This land parcel spans 1.2 acres on Deer Trace Drive.
  • The property is suited for single-family rental portfolio development.
  • Morrison is a growing community located in Whiteside County, Illinois.
  • This listing is currently available for purchase in the market.
  • The site dimensions facilitate straightforward residential planning and construction projects.

What's Special

Residential development serves as the primary potential for this 1.2-acre parcel located on Deer Trace Drive in Morrison, Illinois. Situated within a growing Midwestern market, the site offers a strategic footprint for developers looking to expand a single-family rental portfolio. The property provides sufficient acreage to accommodate housing inventory intended to meet the needs of local residents seeking rental options in this established community. Morrison sits within the broader regional landscape of Whiteside County, benefiting from regional access routes and a steady demand for quality residential living spaces. Investors and builders can leverage the site's dimensions for residential projects that align with the area's ongoing housing requirements and suburban character. The land presents a clear opportunity for those focused on scaling single-family rental assets in a manageable, accessible market.

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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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