NCE National Council of Exchangors
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National Council of Exchangors
CONTROL: Owner VALUE: $411,000
    LOAN: $300,000
    EQUITY: $111,000
TITLE: PATH OF PROGRESS, I-25 IN PUEBLO COLORADO
TYPE OF PROPERTY: Land
HAVE: 4.72 acres land zoned A1 on the frontage road next to the next exit on the North end of Pueblo, just east of and bordering the Interstate.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Pueblo, CO COUNTY:
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.
GROSS SCHEDULED INCOME: $0    Actual
VACANCY LOSS: $0
GROSS EFFECTIVE INCOME: $0
EXPENSES: $64
NOI: $-64
DEBT SERVICE: $18,000
CASH FLOW: $-18,064
CAP RATE: 0.00%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $300,000 $1,500 6.00% 2023 Y
LOAN 2:      
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, 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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