NCE National Council of Exchangors
Package Detail
<< Back
National Council of Exchangors

Front

GoogleMap

Front

CONTROL: Exclusive VALUE: $650,000
    LOAN: $600,000
    EQUITY: $50,000
TITLE: 10 UNITS MULTIFAMILY IN PUEBLO, CO
TYPE OF PROPERTY: Multi-Family
HAVE: 10-plex economy apartments located 1 mile East of 1-25. Largest apartment, located on third floor, has its own kitchen. Remaining 9 units share the communal kitchen. All units are studio with bathroom.
WEBSITE ADDRESS: https://ppmls.mlsmatrix.com/matrix/shared/jHtJhWn7kt/1334E4thStreet
PARCEL#: 0432215004    
CITY, STATE: Pueblo, US COUNTY: CO
BENEFITS TO NEW OWNER: Income, cashflow. Highly appreciating market on Colorado's Front Range.
GROSS SCHEDULED INCOME: $66,420    Actual
VACANCY LOSS: $3,321
GROSS EFFECTIVE INCOME: $63,099
EXPENSES: $12,933
NOI: $50,166
DEBT SERVICE: $72,000
CASH FLOW: $-21,834
CAP RATE: 7.72%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $600,000 $6,000 12.00% 2022 N
LOAN 2:      
BENEFITS SOUGHT: Reduce debt or go up.
CAN ADD: 5-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
 
View without Photos Print with Photos Print without Photos