Alegre Circle 4-Plexes Pending

  • $445,000 per 4-plex
  • 1 per unit baths
  • 3,076 sqft
Alegre Circle Duplexes

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

Price:
$445,000 per 4-plex
Address:
7195 Alegre Cir
Fountain, Colorado 80817
Square Feet:
3,076
Lot Size:
12,500 sq ft
Bathrooms:
1 per unit
Terms:
For Sale
Property Type:
Multi-family
Year Built:
1971

Call 719-550-4267 for more details

Property Location