TBD Hilltop Drive

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TBD Hilltop Drive

Morrison, IL 61270
Asking Price
$40K
Asset Type
Single Family Rental Portfolio Land
Class
Class B

AI Property Summary

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

  • Parcel covers 0.96 acres of land for sale
  • Located on Hilltop Drive in Morrison, Illinois
  • Asset is part of a single-family rental portfolio
  • Offered at an asking price of $40,000
  • Suitable site for future residential development projects

What's Special

This 0.96-acre land parcel located on Hilltop Drive in Morrison, Illinois, serves as a site for residential development. Positioned within the Whiteside County region, this land is categorized under the single-family rental portfolio asset type. The property benefits from the quiet character of a traditional Midwestern town, offering a stable environment for investors looking to expand their rental footprint or developers seeking a residential project footprint. Morrison provides a supportive landscape for small-scale residential initiatives, characterized by its accessibility and established community infrastructure. Given the current zoning context and the nature of the asset class, the site is well-suited for the construction of single-family housing intended for the long-term rental market. The manageable lot size allows for streamlined project planning and development within this growing Illinois submarket.

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NOI
$80,000
Cap Rate
200.00%
DSCR
33.69
Strong
Cash-on-Cash
646.88%
Monthly Payment
$197.898
Annual Cash Flow
$77,625.222

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