NCE National Council of Exchangors
Package Detail
<< Back
National Council of Exchangors
CONTROL: Owner VALUE: $600,000
    LOAN: $450,000
    EQUITY: $150,000
TITLE: 11 HOUSES AND A DUPLEX IN BELLEVILLE, IL
TYPE OF PROPERTY: Homes/Condos
HAVE: 11 houses and a duplex leased and managed in a town in the St. Louis area.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Belleville, IL COUNTY: St. Clair
BENEFITS TO NEW OWNER: Steady income stream with reliable cashflow and local management handling the headaches. Residential depreciation. Most units have been recently updated. Can be delivered free and clear. Owner is a taker for your property.
GROSS SCHEDULED INCOME: $120,000    Projected
VACANCY LOSS: $20,000
GROSS EFFECTIVE INCOME: $100,000
EXPENSES: $50,000
NOI: $50,000
DEBT SERVICE: $54,000
CASH FLOW: $-4,000
CAP RATE: 8.33%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $450,000 $4,500 12.00% 2021 Y
LOAN 2:      
BENEFITS SOUGHT: I am a Buyer with one or more of these houses, or debt on these houses, for just about anything in the US except California. Prefer CO, NM, AZ.
CAN ADD: Cabins in Woodland Park, CO, duplexes and 4plexes in Colorado Springs, Notes, Notes, Notes, lots of land, cash, MHP in IL, Opportunity Zone project with income in IN.
REMARKS: I just bought these and I want to move this investment up into something bigger or many bigger things. Can do one or all. Will trade debt on one or all. Something down and a 1031 paper deal is my preferred scenario.
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
 
Print