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favorite this post $319000 / 4br - 1925ft2 - Triplex with Sub-to Financing (Colorado Springs, Co) hide this posting unhide

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4BR / 3Ba 1925ft2 available mar 26

duplex

One of the best income opportunities of the year! All legal being zoned R-2 with three separate address shown on the assessor's website. Three tenants are already in place and most of your purchase price is sub-to the existing mortgage. Also all brand new roofs in 2016 protects your investment from above. Blocks from Penrose Hospital.

Total Purchase price is $319,000 total. About $195,000 of this is offered subject-to the existing mortgage, so you'd only have to bring about $124,000 to closing.

Additional Information:
1. Sub-to mortgage balance is approximately $195,000 with an interest rate of 4.8%.
2. Current rent roll is $2,400 a month.

Unit 1:
Beds: 2 / Baths: 1
House size: 980 sqft / Lot size: 9,500 sqft
Parking: Ample off street parking
Year Built: 1898

Unit 2:
Beds: 1 / Baths: 1
House size: 452 sqft
Year Built: 1908

Unit 3:
Beds: 1 / Baths: 1
House size: 493 sqft
Year Built: 1908

Estimated Rentometer Rent: $2,729 total for one 2-bedroom and two 1-bedrooms

Comparables: (Comps are single family homes and not a three-unit like the property being offered.)
2409 & 2411 N Tejon St - 2 bed 2 bath & 2 bed 1 bath - 1,055 and 508 sqft sold for $446,000 April 2018 (This is similar to the property being offered as it is two separate homes and addresses on one lot, whereas the offered property is three units.)
2516 N Weber St - 3/3 1,200 sqft sold for $405,000 Dec 2018
2523 N Nevada Ave - 3/2 1,708 sqft sold for $370,000 Dec 2018
2516 N Nevada Ave - 3/2 1,392 sqft sold for $339,900 Oct 2018

If you'd like to be notified of future wholesale properties, submit your info at www.InvestInAHouse.com.

Keywords: Investor, rehab, must sell, fixer upper, rental
  • do NOT contact me with unsolicited services or offers

post id: 6850631332

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