TITLE:
14 UNITS IN COLORADO SPRINGS
CONTROL:
Exclusive
VALUE:
$2,300,000
LOAN:
$1,300,000
EQUITY:
$1,000,000
TYPE:
Multi-Family
HAVE:
A 6-Plex and an adjacent 8-Plex just south of downtown Colorado Springs, CO right off I-25. Management available and included in the numbers. Low vacancy rate.
ADDRESS:
1512-1518 S. Corona St., Colorado Springs, Colorado
BENEFITS TO NEW OWNER:
Properties are in great condition. Cash flow. Mailbox money.
GROSS SCHEDULED INCOME:
$209,100 Actual
VACANCY LOSS:
$10,065
GROSS EFFECTIVE INCOME:
$199,035
EXPENSES:
$48,100
NOI:
$150,935
DEBT SERVICE:
$106,844
CASH FLOW:
$44,091
CAP RATE:
6.56%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,300,000
$8,907
7%
12/31/1969
No
BENEFITS SOUGHT:
Out of title.
REMARKS:
South Nevada area in Colorado Springs is experiencing large growth. Dozens of new builds and new businesses have been opening in the last few years.
COUNSELOR:
Blake Allen
Allen Realty
108 Canon Ave
Manitou Springs, Colorado, 80829
