TITLE:
Three Fully leased Duplex in Colorado Springs
CONTROL:
Exclusive
VALUE:
$1,025,000
LOAN:
$631,000
EQUITY:
$394,000
TYPE:
Multi-Family
HAVE:
Three Duplexes fully leased with management in place, can be NNN. Discount sale/lease back possible at lower price. Can be delivered f/c with any amount of debt.
ADDRESS:
1135, 1137, 1138 Valley Manor Ct, Colorado Springs, Colorado
BENEFITS TO NEW OWNER:
To activate this equity: to sell or trade. Sale/lease back/ buy back would be first choice: 6% NNN with 2% annual appreciation for 2-10 years.
GROSS SCHEDULED INCOME:
$83,640 Actual
VACANCY LOSS:
$995
GROSS EFFECTIVE INCOME:
$82,645
EXPENSES:
$13,900
NOI:
$68,745
DEBT SERVICE:
$75,720
CASH FLOW:
$-6,975
CAP RATE:
6.71%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$336,000
$3,360
12%
12/31/1969
Yes
LOAN 2
$295,000
$2,950
12%
12/31/1969
Yes
CAN ADD:
Another duplex Colorado Springs, property Cripple Creek mixed use, land
REMARKS:
Prefer sale to refinance to get the cash out which is why a NNN lease/option is the first choice.
COUNSELOR:
Michael Nicks
Allen Realty
108 Canon Ave.
Manitou Springs, Colorado, 80829
