TITLE:
Student Housing Fort Collins Colorado
CONTROL:
Exclusive
VALUE:
$1,550,000
LOAN:
$990,000
EQUITY:
$560,000
TYPE:
Multi-Family
HAVE:
5408 Square Foot Tudor Residence previously leased to a fraternity house. Close proximity to Colorado State University in a very nice area.
ADDRESS:
201 East Elizabeth Street, Fort Collins, Colorado
BENEFITS TO NEW OWNER:
Very close proximity to the Colorado State University campus in a very good location
Ideal for B&B, visiting parent or student housing (including scholarship, fraternity or sorority usage) and or special events.
GROSS SCHEDULED INCOME:
$45,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$45,000
EXPENSES:
$10,500
NOI:
$34,500
DEBT SERVICE:
$86,000
CASH FLOW:
$-51,500
CAP RATE:
2.23%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$999,000
$7,200
7%
10/31/2029
No
BENEFITS SOUGHT:
Down and out or possible joint venture
REMARKS:
Previously leased for $16000/ month
Oppty for higher & better use or conversion to duplex or SFR.
COUNSELOR:
Ross Fellenstein
Commercial West Real Estate Inc.
14143 Denver West Parkway, Ste. 100
Golden, Colorado, 80401
