Property Details

TITLE:
79 Condos on the strip Branson, MO
CONTROL:
Partner
VALUE:
$4,740,000
LOAN:
$1,200,000
EQUITY:
$3,540,000
TYPE:
Resort Property
HAVE:
79 studios being condo converted to fractional leases. Estimated profit per unit $95k+ ($7.5million+). $3,000,000 discount if purchased/traded before conversion. $500k needed to finish, but seller will allow construction to go ahead of seller financing.
ADDRESS:
3514 W Country Blvd, Branson, Missouri
BENEFITS TO NEW OWNER:
$7 million+ profit upside on $400k down payment. Boots and project management on the ground to handle 95% of the project.
GROSS SCHEDULED INCOME:
$805,800 Projected
VACANCY LOSS:
$60,000
GROSS EFFECTIVE INCOME:
$745,800
EXPENSES:
$244,800
NOI:
$501,000
DEBT SERVICE:
$67,800
CASH FLOW:
$433,200
CAP RATE:
10.57%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$625,000
$43,750
7%
01/01/2026
Yes
BENEFITS SOUGHT:
Seller is tired and motivated (hence 4% first-year interest rate on a purchase).
CAN ADD:
15 different properties, from single family Colorado homes, 3plex, farms, ocean view condos, notes, gold claim, fix and flip properties and more!
REMARKS:
To finish conversion, 78 studio kitchens need to be installed and electrical work. Cost is an estimated $550k to finish. Seller will help acquire funds needed to finish.
COUNSELOR:
Lance Dehning
Broker's Guild
931 Lilac St.
Longmont, Colorado, 80501
Phone: 720-327-8050