Lofty 9901 E Evans Ave Unit 4C

Lofty 9901 E Evans Ave Unit 4C

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Location
Aurora, CO
Projected Return
14.8%

Company Description

Rented Townhouse located in Aurora, Colorado

Offering Details

  • Eric LeMunyan, CFA, is transferring his property's deed to a new LLC and is selling a portion of the LLC on the Lofty Marketplace. This property is the only asset owned by the LLC.
  • Tokens represent direct ownership in the LLC that owns the property. Eric will maintain at least 10% ownership in the LLC indefinitely.
  • View proof of Eric's ownership prior to the title transfer here. View the LLC documents here

Property Details

  • Rented on a two year lease until September 30th, 2026.
  • Two-bedroom, one-and-a-half-bathroom townhouse renovated in 2017-2018.
  • Features include granite countertops, stainless steel appliances, tile floors, and a walk-in closet for the main bedroom.
  • Amenities include a washer and dryer, a paved patio, updated windows, and a new water heater (December 2024).
  • Includes one garage parking spot.

More on the Seller

  • Eric LeMunyan, CFA, has lived in the Denver metro area since 2009 and holds degrees in Finance, Economics, and an MBA in Finance.
  • Purchased his first property in 2016 and combines real estate interests with two decades of investing experience.
  • Works in financial reporting analysis with S&P Global and enjoys hiking and outdoor activities.

Property Management and Insurance

Property Leverage

  • This property has a loan balance of $208,900 View the loan documents here
  • As the seller, Eric LeMunyan pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.

Occupancy Status

  • 2 year lease (10/01/2024 - 09/30/2026)
  • $1,695/month
  • $1,595 Security Deposit
  • Eric is providing a monthly rent credit of $346 in perpetuity
  • Lease Agreement

Location Data

  • "B+" Rating for Zip Code on Niche

Due Diligence Documents

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