NCE National Council of Exchangors
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National Council of Exchangors

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CONTROL: Exclusive VALUE: $450,000
    LOAN: $400,000
    EQUITY: $50,000
TITLE: 5 UNITS MULTIFAMILY IN PUEBLO CO
TYPE OF PROPERTY: Multi-Family
HAVE: A 2-story 4-plex and a 2-story single family home located about a mile East of I-25. 4-Plex has an intriguing layout with a circular staircase, a covered front porch and a back deck. SFH is 3bd/2ba.
WEBSITE ADDRESS: https://ppmls.mlsmatrix.com/matrix/shared/WlTs7gk6kt/1114E6thStreet
PARCEL#: 0431111004    
CITY, STATE: Pueblo, US COUNTY: CO
BENEFITS TO NEW OWNER: Income, cashflow. Highly appreciating market on Colorado's Front Range.
GROSS SCHEDULED INCOME: $46,140    Actual
VACANCY LOSS: $2,307
GROSS EFFECTIVE INCOME: $43,833
EXPENSES: $9,734
NOI: $34,099
DEBT SERVICE: $48,000
CASH FLOW: $-13,901
CAP RATE: 7.58%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $400,000 $4,000 12.00% 2022 N
LOAN 2:      
BENEFITS SOUGHT: Reduce debt or go up.
CAN ADD: 10-plex a couple blocks away. 5-unit and SFH in Corpus Christi, TX. Paper, signature.
REMARKS: Good client bought these along with another Pueblo property with private money and seeks to reduce the debt or debt service. Will sell or trade up into something bigger. May take a small down but the debt needs to be addressed.
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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