NCE National Council of Exchangors
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National Council of Exchangors
CONTROL: Exclusive VALUE: $3,000,000
    LOAN: $1,000,000
    EQUITY: $2,000,000
TITLE: MANITOU SPRINGS MOTEL--CONFIDENTIAL
TYPE OF PROPERTY: Hotel/Motel
HAVE: 38 unit motel with adjoining single family home in the highest price RE in the Colorado Springs area.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Manitou Springs, CO COUNTY: El Paso
BENEFITS TO NEW OWNER: Own 38 units in a very busy tourist town at the foot of Pikes Peak. Live in he single family home or else its rooms out for more income.
GROSS SCHEDULED INCOME: $450,000    Actual
VACANCY LOSS: $50,000
GROSS EFFECTIVE INCOME: $400,000
EXPENSES: $175,000
NOI: $225,000
DEBT SERVICE: $0
CASH FLOW: $225,000
CAP RATE: 7.50%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1:      
LOAN 2:      
BENEFITS SOUGHT: Out of motel ownership. Take a break.
CAN ADD: Broker inventory, paper
REMARKS: Very flexible client, easy to work with.
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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