NCE National Council of Exchangors
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National Council of Exchangors
CONTROL: Owner VALUE: $411,000
    LOAN: $250,000
    EQUITY: $161,000
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 newest 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. Three parcels allows flexibility.
GROSS SCHEDULED INCOME: $0    Actual
VACANCY LOSS: $0
GROSS EFFECTIVE INCOME: $0
EXPENSES: $64
NOI: $-64
DEBT SERVICE: $15,000
CASH FLOW: $-15,064
CAP RATE: 0.00%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $300,000 $1,250 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, CCIM
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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