Property Details

TITLE:
Three Income Producing Cottages
CONTROL:
Exclusive
VALUE:
$670,000
LOAN:
$456,000
EQUITY:
$214,000
TYPE:
Multi-Family
HAVE:
3 SFH homes on one parcel. High Rental demand.
ADDRESS:
9, 9.5, 11 Elk Path, Manitou Springs, Colorado
BENEFITS TO NEW OWNER:
Property Management in place, value add, high demand
GROSS SCHEDULED INCOME:
$51,600 Projected
VACANCY LOSS:
$2,550
GROSS EFFECTIVE INCOME:
$49,050
EXPENSES:
$12,000
NOI:
$37,050
DEBT SERVICE:
$35,484
CASH FLOW:
$1,566
CAP RATE:
5.53%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$454,000
$2,957
7%
06/01/2055
No
BENEFITS SOUGHT:
Move to next deal. activate equity
CAN ADD:
Cash, 2 SFH in Illinois
COUNSELOR:
Tommy Restivo
Silvercreek Realty Group
1099 S Wells St
Boise, , 83642
Phone: 5025994446