All Forum Posts by: Jeff Coutts

Have property in Colorado that you would like to sell with ZERO brain damage???

Specializing in Denver metro including Colorado Springs, Pueblo, Fort Collins, Boulder, etc....

Long time investor with Full service Real Estate Brokerage with Purchase, Sale, Refinance, Trade(ask me about this) and more....

We specialize in solving problems for our clients....Do you have a Real Estate need that we could help you with???

Call us at 720 341 8118 to set a time to discuss your current need, give a No Cost Competative market Analysis on your property or properties....

We can also add Management to your Residential or Commercial property should you need that....Call us today to see if we can be of service to you?

Cordially,

Jeff Coutts 
720 341 8118

Is this still available?

Let me know.....

Jeff

720 341 8118

Hey Adam,

I have a buyer that maybe a taker for your Robinwood condo...

Is there a lockbox or can we schedule a time to walkthru?

Jeff Coutts
Cornerstone Realty Colorado

720 341 8118

Looking for a Value Add property in Colorado?

Check out this 2 story, Mixed Use property(Retail & Office)  1457 Florence, Aurora, Co. 80010

The offices are currently vacant due to owner just not wanting to manage!

The Retail units are rented now for $3100 per month and the offices/artists studios will rent for $500 each X 7 offices = $3500 for upstairs effectively doubling your income in a short period of time!

The offices need some TLC...carpet, paint, remodel but nothing extravagant....

Call Jeff at 720 341 8118 to get more information, pix, APOD, etc.....

Great building that the owner is retiring from managing & owing after 35 years....Great opportunity!

Near the Fitzsimmons Medical Center project and in the path of progress now....

This will be the NEXT IN place in Denver mainly due to availability of space, lower costs , etc.

Turn key management is available so if your looking for your next smart investment....THIS MAYBE IT!!! 

Hey Roy,

Not sure if you still have this property in Aurora but if so...let me know?

Also any other properties you have in the Front range as well?

Thanks,

Jeff Coutts
Pecos Center LLC

720 341 8118

Still have this property available?

If so, any changes to the package?

Thanks!

Last seen on the market 35 years ago!!!

Great little Craftsman style home with a HUGE custom built garage--1600 sq ft!

Garage has 3/4 bath...a 2 car door and a 1 car garage door...2 walk doors as well.

2 furnaces in garage make this a great place for a contractor to work from!

Not on MLS...No Co-op at $300,000

Call Jeff at 720 341 8118 to set a time to see, check availability, etc

Great Value Add project!

Here is the info on the property at 1457 Florence.

It is listed for $625K now and I think we could purchase it for $550-$575K which is a 5% cap rate at $550K.

The play here is that the upstairs offices are vacant and need to be slightly renovated....Carpet/paint...freshen up and rent up for $400-$500 per office.

That effectively doubles the income in a relatively short period of time....the Gross income would then be $3500 + $3100=$6600.

The retail units rents can be raised $200 per unit which would take us to $7200 monthly in gross rents.

We would also plug into the Aurora Urban Renewal Loan program to get money for windows, lights, parking lot, roof, etc and they loan the money and if if you pay for half of it for 5 years they forgive the 2nd half of the loan totally.

So we get the improvements for 50% of what it cost and improves value of building.

My business partners have done this to about 8 of their properties with great results....

That gives us a 14% cap rate at a $550K purchase price roughly....We could then refinance to get your cash back?

Keep it and I can manage and we are 50/50 partners?

It is also in the Aurora Arts District which will be more signifigant later on as Fitzsimmons is finished....

Investing in Colorado now is really a Buy & Hold with rents peaking now!!!!

Check out http://arapahoecountyco.downpayment.org for help with down payments in Colorado!!!

Let us know how we can help!