|
<< Back
|
|
Orange Coast Exchangors
|
From Highway
|
GoogleMap
From Highway
Aerial
Land
|
|
CONTROL:
|
Owner
|
VALUE:
|
$411,000
|
|
|
|
LOAN:
|
$250,000
|
|
|
|
EQUITY:
|
$161,000
|
|
TITLE:
|
PATH OF PROGRESS, I-25 IN PUEBLO COLORADO
|
|
TYPE OF PROPERTY:
|
Land
|
|
HAVE:
|
4.72 acres land zoned A1 on the frontage road next to the newest exit on the North end of Pueblo, just east of and bordering the Interstate.
|
|
WEBSITE ADDRESS:
|
|
|
PARCEL#:
|
|
|
|
|
CITY, STATE:
|
Pueblo, CO
|
COUNTY:
|
|
|
BENEFITS TO NEW OWNER:
|
Buy this land at $2 a foot, price it high, wait, and someone will buy it. Would be great for fast food or any use that could take advantage of the visibility. Three parcels allows flexibility.
|
|
GROSS SCHEDULED INCOME:
|
$0
Actual
|
|
VACANCY LOSS:
|
$0
|
|
GROSS EFFECTIVE INCOME:
|
$0
|
|
EXPENSES:
|
$64
|
|
NOI:
|
$-64
|
|
DEBT SERVICE:
|
$15,000
|
|
CASH FLOW:
|
$-15,064
|
|
CAP RATE:
|
0.00%
|
|
ENCUMBRANCES:
|
BALANCE:
|
PAYMENT:
|
RATE:
|
DUE:
|
ASSUMABLE:
|
|
LOAN 1:
|
$300,000
|
$1,250
|
6.00%
|
2023
|
Y
|
|
LOAN 2:
|
|
|
|
|
|
|
|
BENEFITS SOUGHT:
|
I would like to use this equity into a more active property or project. I would prefer to take the debt with me to the new project.
|
|
CAN ADD:
|
Cash, paper, more land, duplexes in Colorado Springs.
|
|
REMARKS:
|
I am a Buyer with this land, or paper on this land, for about anything anywhere, so please ask.
|
|
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
|