Part of SE SEC 33 1N8W S 1/2 SE SEC 33 (2.75 ACRES M/L)

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Part of SE SEC 33 1N8W S 1/2 SE SEC 33 (2.75 ACRES M/L)

Quincy, IL 62305
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).

  • Parcel covers approximately 2.75 acres of land in Quincy.
  • Located in Section 33 within the 62305 zip code.
  • Property is categorized for single-family residential rental development.
  • Site offers potential for density-focused housing investment projects.
  • Situated within a stable and established Western Illinois market.

What's Special

Quincy serves as a key regional hub along the Mississippi River in Western Illinois, characterized by a steady local economy and established residential infrastructure. This 2.75-acre parcel, situated in Section 33, represents a significant land holding within the 62305 zip code area. The site provides a flexible canvas for development projects aligned with single-family residential growth or housing investment strategies. Given the scale of the acreage, the property offers sufficient space for multiple residential units or density-focused residential planning consistent with the regional market requirements. Investors looking to expand their presence in the Quincy submarket will find this land well-positioned for future project development. The accessible topography and clear boundary lines assist in the efficient planning of residential sites, catering to the ongoing demand for housing options in this stable Midwestern community.

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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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