TITLE:
Colorado Four Plex w Garages
CONTROL:
Exclusive
VALUE:
$730,000
LOAN:
$0
EQUITY:
$730,000
TYPE:
Multi-Family
HAVE:
Four Plex with four garages very well located in Pueblo West, Colorado
Two Bedroom Two Bath units of approximately 1100 square feet
Lot size approx one acre- could probably add another 4 units/ 4plex
ADDRESS:
41-47 West Cokedale Drive, Pueblo West, Colorado
BENEFITS TO NEW OWNER:
Stable cash flow from good tenants;
good location;
one acre lot- possible to add another 4 plex
GROSS SCHEDULED INCOME:
$63,840 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$63,840
EXPENSES:
$12,041
NOI:
$51,799
DEBT SERVICE:
$0
CASH FLOW:
$51,799
CAP RATE:
7.10%
BENEFITS SOUGHT:
Larger well located apartment building or other stable cash flow investment or investment with compelling upside.
CAN ADD:
This owner has made numerous equity loans. Could possibly add cash to joint venture the right opportunity/ deal.
REMARKS:
This is a very good rental mkt w good tenants (with jobs) that pay their rent. Good upside with the oppty to raise rents as well as the acre lot that allows for additional units. Great 1031 opportunity for anyone needing low risk, high quality repl prop.
COUNSELOR:
Ross Fellenstein
Commercial West Real Estate Inc.
14143 Denver West Parkway, Ste. 100
Golden, Colorado, 80401
