BUILD EQUITY – SAVE FOR RETIREMENT – GOOD INVESTMENT PROPERTY
716 Clark Place is a new construction, 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.
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.
• New Cut Block Construction
• 3 phase, 200 Amp
• 12’ Drive in Doors
• 600 SF of Office Space
• 1,800 SF of Warehouse
• Units are 30’ x 80’