TITLE:
Two Fix and Flip Properties Colorado
CONTROL:
Owner
VALUE:
$143,400
LOAN:
$0
EQUITY:
$143,400
TYPE:
Homes/Condos
HAVE:
Two fix and flips an hour east of Pueblo. #1 -$87,900 (est. ARV of $245k+ and $70k of remodel). #2 - $53,500 (est. ARV of $170k and $65K remodel). Owner carry available with pretty large down payment. Seller would do $127k all cash.
ADDRESS:
908 Raton Ave., La Junta, Colorado
BENEFITS TO NEW OWNER:
There is demand for clean, nice inventory in these smaller towns. This could also work as rentals once remodeled. Estimated 9% CAP after remodel.
GROSS SCHEDULED INCOME:
$43,200 Projected
VACANCY LOSS:
$2,160
GROSS EFFECTIVE INCOME:
$41,040
EXPENSES:
$14,000
NOI:
$27,040
DEBT SERVICE:
$0
CASH FLOW:
$27,040
CAP RATE:
18.86%
BENEFITS SOUGHT:
These can be added to any deal. Ideally these are sold for cash or shorter term owner carry, but sell will look at anything.
CAN ADD:
Multiple properties from other Colorado homes/3plex, MO hotel, ocean view condos, Saint Lucia resort, notes, and more
REMARKS:
These properties are not for a new flipper. They need a not of work. However, the spread is large for the price. Seller has contractors that can do the remodel and will help to some degree even after the sale.
COUNSELOR:
Lance Dehning
Broker's Guild
931 Lilac St.
Longmont, Colorado, 80501
Phone: 720-327-8050
Email lancedehning@gmail.com
