TITLE:
DISCOUNT SALE/LEASEBACK/BUYBACK ON 3 DUPLEXES AND LAND IN MANITOU SPRINGS
CONTROL:
Exclusive
VALUE:
$3,000,000
LOAN:
$0
EQUITY:
$3,000,000
TYPE:
Multi-Family
HAVE:
3 fully leased duplexes and 9 parcels of land in Manitou Springs, CO. Value of all combined is about $3,000,000.
ADDRESS:
3, 5, 7 Arapahoe Place, Manitou Springs, Colorado
BENEFITS TO NEW OWNER:
Income: 6% absolute NNN, residential depreciation, 2% fixed, guaranteed appreciation, good security in very high demand area.
GROSS SCHEDULED INCOME:
$180,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$180,000
EXPENSES:
$0
NOI:
$180,000
DEBT SERVICE:
$0
CASH FLOW:
$180,000
CAP RATE:
6.00%
BENEFITS SOUGHT:
Sale/leaseback to lower payments and increase basis on the buyback. This is a property I intend to keep for a very long time.
CAN ADD:
More sale/leasebacks and fee simple income properties, lots of land, notes.
REMARKS:
I can be a buyer or a Seller here, so long as I get the right to re-purchase at fixed terms acceptable to me.
COUNSELOR:
Blake Allen
Allen Realty
108 Canon Ave
Manitou Springs, Colorado, 80829
