Sale Price: $1,185,000 · FINANCIAL ANALYSIS: UNIT MIX AND AVERAGE RENT SCHEDULE: ... Total Return:...
Transcript of Sale Price: $1,185,000 · FINANCIAL ANALYSIS: UNIT MIX AND AVERAGE RENT SCHEDULE: ... Total Return:...
For more information, please contact:
Pinnacle Real Estate Advisors, LLC1 Broadway #A300, Denver, CO 80203303.962.9555 | www.PinnacleREA.com
ROBERT LAWSONSenior [email protected]
CHRIS KNOWLTONAssociate [email protected]
• One-of-a-Kind 4-Plex Nestled Between City Park, Capitol Hill, Cheesman Park and Congress Park
• Residential Financing Available (30yr Fixed/30yr Amortization)
• All 4 Units Completely Updated with Individual Washer/Dryers
• 2 - 2Br/1Ba, 2 - 1Br/1Ba
• 8 Parking Spots Behind the Building
• Walking Distance to Numerous Restaurants, Bars, Music Venues and Parks
• Updated Electrical, Updated Plumbing, Newer Furnaces and Hot Water Heater
Sale Price: $1,185,000
FOR SALE 1530 Gaylord Street
Denver, Colorado 80206
Property Features:
FINANCIAL ANALYSIS:UNIT MIX AND AVERAGE RENT SCHEDULE:# Units Unit Type Est. Size Current Proforma 1 2Br/1Ba 925 $1,795 $1,7951 1Br/1Ba 800 $1,355 $1,6501 2Br/1Ba 900 $1,950 $1,9501 1Br/1Ba 700 $1,295 $1,3254 3,325 $6,395 $6,720
OPERATING DATA:INCOME Current ProformaGross Rental Income: $76,740 $80,640 Vacancy Allowance (3%): $(2,302) $(2,419)Effective Rental Income: $74,438 $78,221 Gross Operating Income: $74,438 $78,221 ESTIMATED EXPENSES:Property Tax: $3,239 $3,239 Property Insurance (Actual/Quote): $3,000 $1,434Utilities: $5,112 $5,112Repairs/Maint. (est. $650/unit): $2,600 $2,600Total Expenses: $13,951 $12,385Expenses per Unit: $3,488 $3,096Net Operating Income: $60,487 $65,836
FINANCIAL ANALYSIS:Current Proforma
NOI: $60,487 $65,836 Projected Debt Service: ($48,968) ($48,968)Before Tax Cash Flow: $11,519 $16,868 CAP Rate: 5.10% 5.56%Cash-on-Cash Return: 3.24% 4.74%Principal Reduction (yr. 1): $13,984 $13,984 Total Return: 7.17% 8.68%
INVESTMENT SUMMARY:List Price: $1,185,000Price/Unit: $296,250Price/SF: $344
PROPOSED FINANCING:Loan Amount (70%): $829,500Down Payment (30%): $355,500Interest Rate: 4.25%Amortization: 30 years
Pinnacle Real Estate Advisors, LLCOne Broadway Ste A300 | Denver, Colorado 80203 | 303.962.9555 | www.PinnacleREA.com
For more information, please contact:
ROBERT LAWSONSenior [email protected]
CHRIS KNOWLTONAssociate [email protected]
© 2016 Pinnacle Real Estate Advisors, LLC. All information contained herein has been obtained from sources we believe to be reliable.However, we accept no responsibility for its accuracy and encourage verification of all information prior to making financial decisions.
FOR SALE 1530 Gaylord Street
Denver, Colorado 80206
Pinnacle Real Estate Advisors, LLCOne Broadway Ste A300 | Denver, Colorado 80203 | 303.962.9555 | www.PinnacleREA.com
For more information, please contact:
ROBERT LAWSONSenior [email protected]
CHRIS KNOWLTONAssociate [email protected]
© 2016 Pinnacle Real Estate Advisors, LLC. All information contained herein has been obtained from sources we believe to be reliable.However, we accept no responsibility for its accuracy and encourage verification of all information prior to making financial decisions.
Property OverviewCity: DenverBuilding Size: 3,446 SFLot Size: 4,166 SFYOC: 1902Parking: 8 SpacesHVAC: Furnace/
Forced Air
FOR SALE 1530 Gaylord Street
Denver, Colorado 80206
COLF
AX A
VE.
YORK STREETDENVER
CITY PARK1530 Gaylord StreetDenver, CO
DOWNTOWNDENVER
17TH
AVE
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CHEESMANPARK
DENVERZOO
DENVER MUSEUM OF NATURE & SCIENCE
CONGRESSPARK
9TH + COLORADO PROJECT
OGDENTHEATRE
Pinnacle Real Estate Advisors, LLCOne Broadway Ste A300 | Denver, Colorado 80203 | 303.962.9555 | www.PinnacleREA.com
For more information, please contact:
ROBERT LAWSONSenior [email protected]
CHRIS KNOWLTONAssociate [email protected]
© 2016 Pinnacle Real Estate Advisors, LLC. All information contained herein has been obtained from sources we believe to be reliable.However, we accept no responsibility for its accuracy and encourage verification of all information prior to making financial decisions.
FOR SALE 1530 Gaylord Street
Denver, Colorado 80206