NCE National Council of Exchangors
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National Council of Exchangors
CONTROL: Owner VALUE: $635,000
    LOAN: $420,000
    EQUITY: $215,000
TITLE: THREE FREE AND CLEAR COLORADO SPRINGS DUPLEXES
TYPE OF PROPERTY: Multi-Family
HAVE: Three duplexes near Ft. Carson in Colorado Springs with debt that can be moved. Currently all leased, 4 units under market.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Colorado Springs, CO COUNTY: El Paso
BENEFITS TO NEW OWNER: Own income property in an appreciating market, about $9000 annual upside in rents, can be delivered free and clear or with any amount of debt desired. Management and tenants in place. New roofs on all.
GROSS SCHEDULED INCOME: $54,240    Actual
VACANCY LOSS: $700
GROSS EFFECTIVE INCOME: $53,540
EXPENSES: $9,382
NOI: $44,158
DEBT SERVICE: $50,420
CASH FLOW: $-6,262
CAP RATE: 6.95%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $315,000 $3,150 12.00% 2019 N
LOAN 2: $105,000 $1,050 12.00% 2019 N
BENEFITS SOUGHT: To take this equity and debt up into the next project. I just bought them to raise rents and sell them next year.
CAN ADD: Cash, notes, other income property, lots and lots of land: Cortez, Co, Port Townsend, WA, Manitou Springs, CO, Pueblo, CO, Atlanta, GA, Pershing County, NV.
REMARKS: I am a Buyer with these and my other equities. I can add cash and move my debt to your property. I would also create paper on these, or buy them back with cash. I just sold another one for $225,000, so price is verifiable MLS price.
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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