NCE National Council of Exchangors
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National Council of Exchangors
CONTROL: Exclusive VALUE: $1,500,000
    LOAN: $1,100,000
    EQUITY: $400,000
TITLE: 53 UNIT MULTIFAMILY IN TOPEKA, KANSAS
TYPE OF PROPERTY: Multi-Family
HAVE: 41 one bed and 11 two units, one 3 bed unit, leased and operating, in Topeka Kansas,31,625 sq ft of well maintained improvements with plenty of parking.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Topeka, KS COUNTY:
BENEFITS TO NEW OWNER:
GROSS SCHEDULED INCOME: $279,990    Actual
VACANCY LOSS: $27,500
GROSS EFFECTIVE INCOME: $252,490
EXPENSES: $140,190
NOI: $112,300
DEBT SERVICE: $37,150
CASH FLOW: $75,150
CAP RATE: 7.49%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $569,000 $3,095 5.00% 2022 N
LOAN 2:      
BENEFITS SOUGHT: The dissolution of a partnership.
CAN ADD: other apartments,notes,shares in other similar partnerships
REMARKS: A long term client and partners wish to go their own ways. Alot of flexibility and creativity to work with if we solve the benefits sought. If you are a taker, we can make most deals happen. Will take paper or property. Balance of debt is to partners
COUNSELOR: Blake Allen, EMS
Allen Realty
108 Canon ave
Manitou Springs, CO 80829
Phone: (719) 685-0707
Cell: (719) 684-4123
Fax: (719) 685-0400
blakeallenrealty@gmail.com
 
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