TITLE:
1138 Valley Manor Ct, Colorado Springs, CO 80906
CONTROL:
Owner
VALUE:
$369,000
LOAN:
$336,000
EQUITY:
$33,000
TYPE:
Multi-Family
HAVE:
Duplex with a total living area 1248 sq ft, 4 bedroom, and 2 bathroom. Each unit is 624 sq ft, 2 bedroom, and 2 bathroom.
ADDRESS:
1138 Valley Manor Ct, Colorado Springs, Colorado
BENEFITS TO NEW OWNER:
Strong Income property with 6.73 CAP Rate. Location near Fort Carson Army Base in Colorado Springs is desirable with low vacancy rate.
OTHER FILES:
GROSS SCHEDULED INCOME:
$31,001 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$31,001
EXPENSES:
$6,164
NOI:
$24,837
DEBT SERVICE:
$20,160
CASH FLOW:
$4,677
CAP RATE:
6.73%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$3,360,000
$3,360
12%
12/31/1969
Yes
BENEFITS SOUGHT:
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.
CAN ADD:
Another duplex Colorado Springs, property Cripple Creek mixed use, land
COUNSELOR:
Michael Nicks
Allen Realty
108 Canon Ave.
Manitou Springs, Colorado, 80829
