All Forum Posts by: Jason Lewis

My team and I have a deal we would like you all to consider. Please don't hesitate to message me back if you are interested. We hope to hear feedback from you soon!

Address:

2380 E. Boulder St. Colorado Springs, CO 80909

2378 E. Boulder St. Colorado Springs, CO 80909
2382 E. Boulder St. Units #100 & #110. Colorado Springs, CO 80909
2382 E. Boulder St. #B. Colorado Springs, CO 80909

Purchase price: $800k

Property details: Mixed Use

This deal includes a commercial storefront, with a warehouse located in the back with 2 units, a house (2 bed, 1 bath), and a cottage (1 bed, 1 bath).

Income 6399/month
Expenses 1009/month
Taxes 6500/year
Built in 1950

Currently, the warehouse is leased by both a handyman and a grower. The grower's presence is fully acknowledged and covered by the seller's insurance policy. All the businesses leasing are actually looking to stay long term. In fact, most of them have already been there for a span of 4 to 10 years.

The zoning for the property is C6 - general business.

Please message me back with any questions! If you are interested, I will send you over the financials.

We look forward to working with you. Let's work together!

Here are all the details:

Property address: 67 Glen Royal Pkwy, Miami FL 33125 - featuring a total of 13 doors.

It's an ALL CASH DEAL valued at $2.6M. (investors are paying around $200k a door for properties in this area)

The seller is ready to take a step back and relax, as he's getting older. This presents a great opportunity for you all to make a move and maximize the potential of this property.

Currently, the rents are below market value, which means there is significant room for adding value and increasing cash flow!

Let's take a closer look at the unit mix:

Four - 2 beds/1 bath ( $2k each in rental income).

Five - 1 bed/1 bath ( $1.5k each in rental income).

Four - studios ($1k each in rental income).

In total, the monthly rental income is $19,500. The expenses are relatively low because the property is currently self-managed by the seller. There's also a laundry facility that generates income, and we're working on obtaining the exact income figures. The seller has updated some of the units and the roof is approximately 5-6 years old. Additionally, there's minimal parking available in the rear of the property.

Looking at the market, the average rents in the area are as follows:

2 beds: $2300

1 bed: $2000

Studios: $1800

The seller is responsible for taxes ($18,000/year), water ($3600), and insurance (exact amount is being confirmed). Tenants are responsible for utilities, excluding water. Please inbox if you are interested.