NCE National Council of Exchangors
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National Council of Exchangors
CONTROL: Buyer's Broker VALUE: $1,255,000
    LOAN: $685,000
    EQUITY: $570,000
TITLE: TENANTS ARE AMAZON AND TESLA EMPLOYEES
TYPE OF PROPERTY: Multi-Family
HAVE: 10 units (8 studios and two 1 bed) in very desirable central Reno leased to Tesla and Amazon Employees. Completely remodeled down to the mailboxes. New roof. Nothing original.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Reno, NV COUNTY:
BENEFITS TO NEW OWNER: Income and appreciation in a very strong market.
GROSS SCHEDULED INCOME: $83,760    Actual
VACANCY LOSS: $0
GROSS EFFECTIVE INCOME: $83,760
EXPENSES: $7,640
NOI: $76,120
DEBT SERVICE: $53,340
CASH FLOW: $22,780
CAP RATE: 6.07%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $425,000 $3,600 8.00% 2020 N
LOAN 2: $160,000 $845 4.00% 2022 N
BENEFITS SOUGHT: activate equity, move out of title, increase portfolio
CAN ADD: signature, notes, anything owned or represented by Broker.
REMARKS: I have closed numerous deals with this young engineer. He has some private debt to move with this transaction but he is a taker for most property, including yours. If you like this, make us an offer and we will see what we can do with it.
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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