NCE National Council of Exchangors
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National Council of Exchangors
CONTROL: Buyer's Broker VALUE: $2,879,000
    LOAN: $1,246,000
    EQUITY: $1,633,000
TITLE: 74 UNIT APARTMENT COMPLEX IN OMAHA, NE
TYPE OF PROPERTY: Multi-Family
HAVE: 67 one bedroom, 7 two bedroom class C apartments in Omaha, NE. 45,450 leased sq ft.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Omaha, NE COUNTY:
BENEFITS TO NEW OWNER: Ownership of 74 rental units: Income, Appreciation, Depreciation, Amortization. Seller carry financing. Ability to deliver free and clear without needing a new loan anywhere.
GROSS SCHEDULED INCOME: $495,136    Actual
VACANCY LOSS: $27,282
GROSS EFFECTIVE INCOME: $467,854
EXPENSES: $253,336
NOI: $214,518
DEBT SERVICE: $114,000
CASH FLOW: $100,518
CAP RATE: 7.45%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $1,246,000 $9,500 10.00% 2020 N
LOAN 2:      
BENEFITS SOUGHT: Out of Title to this asset. More residential income properties are the target. Portfolios of sfrs or larger complexes in the southern states. Prefer TX and Tampa, FL. $3-15MM C+/B- complexes sought.
CAN ADD: 53 units in Enid, OK, 108 units in Sioux City, IA. Nots, shares in other multifamily deals. High demand res lots in Morrison, CO, West of Denver. Notes against multiple sfrs in Denver.
REMARKS: This partnership wants to move to something else. Some of the partners also own the debt. Currently under agreement for disposition on a 1031 Paper deal.
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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