BUILD EQUITY – SAVE FOR RETIREMENT – GOOD INVESTMENT PROPERTY
712 Clark Place is a newly constructed, 24,000 sf (10 condo units), cut-block office warehouse located near Powers and Platte. This is pride of ownership property that could be bought with your Grandkids in mind!
There are ten 2,400 square foot (30’ X 80’) condo units which can be purchased together or separately. We’ve sold 6 units. There are 4 units remaining. Three of the units are contiguous which allows a purchase to buy 2,400 – 7,200 square feet.
Financing is prearranged through Bank of the San Juans. Loan terms and rates vary depending on the Buyer’s credit, but suffice to say, the bank is aggressively offering excellent financing terms. Of course, if you’d prefer, the Seller will accept cold hard green money.
The COA cost is about $275 per month and pays for building insurance, exterior maintenance, snow removal, and a capital reserve account. Annual property taxes are about $1.00 per square foot.
As for investing, the typical rent per unit is $2,400 per month. If you deduct the COA and taxes ($275 + $200 = $475) the net income is $1,925. That’s about $23,100/$360,000 = 6% ROI.
|Suite 130||2,400 SF||$360000 /Unit|
|Suite 150||2,400 SF||$360000 /Unit|
|Suite 160||2,400 SF||$360000 /Unit|
|Suite 170||2,400 SF||$360000 /Unit|