NCE National Council of Exchangors
Package Detail
<< Back
National Council of Exchangors
CONTROL: Owner VALUE: $265,000
    LOAN: $105,000
    EQUITY: $160,000
TITLE: COLORADO SPRINGS DUPLEX NEAR FT. CARSON
TYPE OF PROPERTY: Multi-Family
HAVE: A fully leased duplex with 2 bedroom units, each with its own fenced yard and w/d near the gate to Ft. Carson, High rental demand in area. Some upside in rents.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Colorado Springs, CO COUNTY:
BENEFITS TO NEW OWNER: Income and appreciation in an area of extreme rental demand and growth. Fully leased with management in place.
GROSS SCHEDULED INCOME: $21,540    Actual
VACANCY LOSS: $895
GROSS EFFECTIVE INCOME: $20,645
EXPENSES: $4,446
NOI: $16,199
DEBT SERVICE: $12,600
CASH FLOW: $3,599
CAP RATE: 6.11%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $105,000 $1,050 12.00% 2020 N
LOAN 2:      
BENEFITS SOUGHT: To move up or take profit and go out.
CAN ADD: more duplexes, other small income properties, Notes, land, cash
REMARKS: One side leased at $895, the other at $950. Tenants pay utilities. Rents and prices in Colorado Springs continue to rise.
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
 
Print