TITLE:
Golf Course - Central Illinois (includes liquor/gaming licenses)
CONTROL:
Exclusive
VALUE:
$1,850,000
LOAN:
$0
EQUITY:
$1,850,000
TYPE:
Resort Property
HAVE:
This is a cash-flowing 18-hole golf course with bar and grill. Course includes 180 acres, a liquor license, gaming license, and golf carts. NOI exceeds $100k. Owner is savvy investor and willing to carry, exchange for development/timber property.
ADDRESS:
Golf Course Rd, Cenral, Illinois
BENEFITS TO NEW OWNER:
180 acres of prime central Illinois soil.
Liquor and Gaming licenses included.
GROSS SCHEDULED INCOME:
$843,163 Actual
VACANCY LOSS:
$158,690
GROSS EFFECTIVE INCOME:
$684,473
EXPENSES:
$572,789
NOI:
$111,684
DEBT SERVICE:
$0
CASH FLOW:
$111,684
CAP RATE:
6.04%
BENEFITS SOUGHT:
Path to cash
Ease of transaction
REMARKS:
Owner is an experienced investor, willing to look at all offers.
COUNSELOR:
Tim Leyhe
Leyhe Properties. LLC
PO Box 114
Mahomet, Illinois, 61853
Phone: 217-493-0545
Email timleyhe@hotmail.com
