NCE National Council of Exchangors
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National Council of Exchangors
CONTROL: Exclusive VALUE: $995,000
    LOAN: $470,000
    EQUITY: $525,000
TITLE: GEOTHERMAL CASTLE IN MANITOU SPRINGS
TYPE OF PROPERTY: Homes/Condos
HAVE: 3756 sq ft luxury home in Manitou Springs. Geothermal heat 16" thick ICF walls, in floor heat, hot tub on deck, views of Pike's Peak and Garden of the Gods owned by a well counseled client.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Manitou Springs, CO COUNTY: El Paso
BENEFITS TO NEW OWNER: Own a luxury home in a great area with an excellent loan in place. Seller will lease back for one year.
GROSS SCHEDULED INCOME: $42,000    Projected
VACANCY LOSS: $3,500
GROSS EFFECTIVE INCOME: $38,500
EXPENSES: $4,000
NOI: $34,500
DEBT SERVICE: $24,828
CASH FLOW: $9,672
CAP RATE: 3.47%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $470,000 $2,069 3.30% 2049 Y
LOAN 2:      
BENEFITS SOUGHT: Seller would like an income property with an owner's unit while they travel. Could be in Colorado Springs, Sedona, Lake Tahoe, Costa Rica, anywhere they might like to live part time. What we seek is a taker. They want to lease back through the Spring.
CAN ADD: F/C sfr at 2511 Centre Cir in Colorado Springs, leased and managed. cash, great signature
REMARKS: Long term client looking to retire and change lifestyle. We want to work their equity into income but what we really want is a taker. Would prefer to stay and lease back short term.
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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