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New Mexico Council of Exchangors
CONTROL: Exclusive VALUE: $457,000
    LOAN: $326,000
    EQUITY: $131,000
TITLE: TRIPLEX, 3 SFRS, TWO HOUSES ON ONE LOT IN PUEBLO
TYPE OF PROPERTY: Homes/Condos
HAVE: One triplex, two houses on one lot, and 3 single family homes, not contiguous, all leased, in Pueblo Colorado.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Pueblo, CO COUNTY: Pueblo
BENEFITS TO NEW OWNER: income in place in an area primed for appreciation. Pueblo is the most reasonably priced community on the Front Range. Management in place.
GROSS SCHEDULED INCOME: $57,660    Actual
VACANCY LOSS: $2,883
GROSS EFFECTIVE INCOME: $54,777
EXPENSES: $17,298
NOI: $37,479
DEBT SERVICE: $28,800
CASH FLOW: $8,679
CAP RATE: 8.20%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $326,000 $2,400 5.25% 2026 Y
LOAN 2:      
BENEFITS SOUGHT: Cash to buy Mobile Homes in Killeen Texas. Will look at deals he can crank for the cash.
CAN ADD: 2305 Spruce in Pueblo, leased at $700/mo, V$98k D$67.5k, about a dozen more of the same, some paper.
REMARKS: Experienced MHP owner wants to 'sell' these and use funds for his core business. But he is a deal junkie and will look at anything so long as his wife sees him buying trailers.
COUNSELOR: Blake Allen, EMS, CCIM
Allen Realty
108 Canon ave
Manitou Springs, CO 80829
Phone: (719) 685-0707
Cell: (719) 684-4123
Fax: (719) 685-0400
blakeallenrealty@gmail.com
 
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