NCE National Council of Exchangors
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CONTROL: Owner VALUE: $900,000
    LOAN: $0
    EQUITY: $900,000
TITLE: SALE/LEASEBACK/BUYBACK 5 RESIDENTIAL UNITS IN MANITOU SPRINGS
TYPE OF PROPERTY: Multi-Family
HAVE: 5 units in 4 cabins at the West end of Manitou Ave in highly sought Manitou Springs. Will only sell subject to lease/re-purchase. "A" bag property for me. Property value is about $1MM.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Manitou Springs, CO COUNTY: El Paso
BENEFITS TO NEW OWNER: Absolute NNN leased property with guaranteed buyback in 2-10 years, your choice of timing. Residential depreciation, 6% NNN income, 2% annual appreciation. We can do this at any price between $750k and $900k
GROSS SCHEDULED INCOME: $54,000    Actual
VACANCY LOSS: $0
GROSS EFFECTIVE INCOME: $54,000
EXPENSES: $0
NOI: $54,000
DEBT SERVICE: $0
CASH FLOW: $54,000
CAP RATE: 6.00%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1:      
LOAN 2:      
BENEFITS SOUGHT: I am seeking to sell and leaseback 5 residential units that already have tenants. Must have an option to repurchase. I want to keep these and increase my basis to hold them for the long term.
CAN ADD: More income property, NNN or not. Lots of land, Notes, liquor store, cash.
REMARKS: This is part of my own estate planning. I will buy this back and keep it and depreciate it for 27 more years, collecting rent all the while. I do have underlying debt that will be paid off or moved.
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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