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.
There are ten 2,400 square foot (30’ X 80’) condo units which can be purchased together or separately. There are 2 units remaining that are contiguous which allows a purchaser 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. The bank is aggressively offering excellent financing terms.
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 $200 per month, per unit.
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 150||2,400 SF||$360000 /Unit|
|Suite 170||2,400 SF||$360000 /Unit|