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<< Back
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National Council of Exchangors
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1019
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GoogleMap
1019
1015
107
1017
1015 half
107 back
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CONTROL:
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Owner
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VALUE:
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$1,200,000
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LOAN:
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$0
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EQUITY:
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$1,200,000
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TITLE:
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DISCOUNT SALE/LEASEBACK/BUYBACK ON 7 UNITS IN MANITOU SPRINGS
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TYPE OF PROPERTY:
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Multi-Family
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HAVE:
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"Banana Manor": Iconic property in the center of town consisting of a triplex and a 4plex. Value is about $1,400,000
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WEBSITE ADDRESS:
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PARCEL#:
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CITY, STATE:
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Manitou Springs, CO
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COUNTY:
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El Paso
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BENEFITS TO NEW OWNER:
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Income: 6% absolute NNN,residential depreciation, 2% fixed, guaranteed appreciation, good security in very high demand area. Seller Carry financing also available to accommodate a 1031 exchange.
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GROSS SCHEDULED INCOME:
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$72,000
Actual
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VACANCY LOSS:
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$0
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GROSS EFFECTIVE INCOME:
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$72,000
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EXPENSES:
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$0
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NOI:
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$72,000
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DEBT SERVICE:
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$0
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CASH FLOW:
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$72,000
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CAP RATE:
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6.00%
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ENCUMBRANCES:
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BALANCE:
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PAYMENT:
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RATE:
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DUE:
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ASSUMABLE:
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LOAN 1:
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LOAN 2:
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BENEFITS SOUGHT:
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Sale/leaseback to lower payments and increase basis on the buyback. This is a property I intend to keep for a very long time.
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CAN ADD:
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More sale/leasebacks and fee simple income properties, lots of land, notes, cash for the right deal.
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REMARKS:
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I can be a buyer or a Seller here, so long as I get the right to re-purchase at fixed terms acceptable to me. This is ideal for 1031 money as we have flexibility with the financing. Will take paper or other property as part of the deal.
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COUNSELOR:
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Blake Allen, EMS, CCIM
Allen Realty
108 Canon Ave
Manitou Springs, CO 80829
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Phone: (719) 685-0707
Cell: (719) 684-4123
Fax:
(719) 685-0400
blakeallenrealty@gmail.com
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