TITLE:
PATH OF PROGRESS, I-25 IN PUEBLO COLORADO
CONTROL:
Owner
VALUE:
$411,000
LOAN:
$250,000
EQUITY:
$161,000
TYPE:
Land
HAVE:
4.72 acres land zoned A1 on the frontage road next to the newest exit on the North end of Pueblo, just east of and bordering the Interstate.
ADDRESS:
0 Dillon Dr, Pueblo, Colorado
BENEFITS TO NEW OWNER:
Buy this land at $2 a foot, price it high, wait, and someone will buy it. Would be great for fast food or any use that could take advantage of the visibility. Three parcels allows flexibility.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$64
NOI:
$-64
DEBT SERVICE:
$0
CASH FLOW:
$-64
CAP RATE:
0.00%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$300,000
$1,250
6%
11/30/-0001
Yes
BENEFITS SOUGHT:
I would like to use this equity into a more active property or project. I would prefer to take the debt with me to the new project.
CAN ADD:
Cash, paper, more land, duplexes in Colorado Springs.
REMARKS:
I am a Buyer with this land, or paper on this land, for about anything anywhere, so please ask.
COUNSELOR:
Blake Allen
Allen Realty
108 Canon Ave
Manitou Springs, Colorado, 80829
