We are ZechBuysHouses, LLC, a principal party in a valid and assignable Purchase and Sales Agreement which allows us to purchase a home in Fountain. The decision has been made to offer this Purchase and Sales Agreement to another cash buyer.
Possible 100% financing on this property through our Preferred Lender.
Visit http://hardmoneymike.com/
Addresses
7195 & 5475 Alegre Cir, Fountain, CO 80817
Suggested Starting Price: $445,000 per 4-Plex
$890,000 total
Year Built: 1971 & 1970
Living Sq Ft: 3,076 Sq. Ft.
Every Single Unit is a 2/1
| Rents | |||
| 5475 Unit 1 | $805 | 7195 Unit 1 | $805 |
| 5475 Unit 2 | $915 | 7195 Unit 2 | $915 |
| 5475 Unit 3 | $885 | 7195 Unit 3 | $885 |
| 5475 Unit 4 | $805 | 7195 Unit 4 | $850 |
| GROSS 5475 | $3,410 | GROSS 7195 | $3,455 |
Features Include:
8 Units Total / 2 Quadruplexes
Open Space Parking
Wide Back/Side Yard
Washer and Dryer in each Unit
Fully rented
Cash Flowing Property RIGHT NOW
Fully rented
Renovations needed include:
5475 Alegre needs more updating and general renovation than 7195
Some shingles and exterior painting needed
Example Investment Breakdown
| Purchase Price | $445,000 | |
| Down Payment | 25% | $111,250 |
| Loan Amount | 75% | $333,750 |
| Monthly Mort Pmt | $1,800 | |
| Interest | 3.60% | |
| Years | 30 | |
| Long Term Projected Monthly Expenses (Based on 5475 Rents ONLY) | ||
| Vacancy | 5% | $171 |
| Maintenance | 8% | $273 |
| Capitol Ex.???? | 7% | $239 |
| Property Management | 10% | $341 |
|
Insurance (enter SQ FT)
|
$84 | |
| Taxes | $133 | |
| Cash Flow | $2,170 | |
A copy of the executed contract is available on request.
INSPECTION: TOMORROW Friday, January 29, 2021 12-2PM , the property will be open to walk through and inspect.
Deadline for Offer Submission: MONDAY, FEBRUARY 1 2021
Please submit your highest and best offer by the deadline to us via email to offers@zechbuyshouses.com
The offer with the highest net to us will be awarded the purchase. Earnest Money Deposit will be $5000 non-refundable.
Earnest Deposit: $5,000 deposit to TBD Title Company
If you’re interested in acquiring this Purchase and Sales Agreement, please contact us right away!
Brent, Chrissy and Jen
719-550-4267