NCE National Council of Exchangors
Package Detail
<< Back
National Council of Exchangors
CONTROL: Owner VALUE: $750,000
    LOAN: $450,000
    EQUITY: $300,000
TITLE: 8 RUSTIC CABINS ON 4 ACRES WOODLAND PARK CO
TYPE OF PROPERTY: Multi-Family
HAVE: Eight Cabins: three 2 bed, three 1 bed, one studio and one in need of repair on 4 acres with southern exposure and views of Pike's Peak.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Woodland Park, CO COUNTY: Teller
BENEFITS TO NEW OWNER: Income, appreciation, depreciation. Location. Possibility of adding more cabins. One cabin of upside available now.
GROSS SCHEDULED INCOME: $72,000    Actual
VACANCY LOSS: $4,200
GROSS EFFECTIVE INCOME: $67,800
EXPENSES: $21,416
NOI: $46,384
DEBT SERVICE: $54,000
CASH FLOW: $-7,616
CAP RATE: 6.18%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $450,000 $4,500 12.00% May 2020 N
LOAN 2:      
BENEFITS SOUGHT: Activate equity, take a quick profit, trade up into something bigger and better. Would create and trade First position paper and hold for long term.
CAN ADD: Land, notes, small residential income properties, cash.
REMARKS: High demand rental cabins in a bedroom community of Colorado Springs. Very close to new Charis Bible College. Looks right at Pike's Peak and will always be in high demand.
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