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Undisclosed Address

Pueblo, Colorado, 81005, United States

Property ID: #733063 // commercial
Pueblo, CO, 81005, US
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Traditional Sale
List Price:
$1,830,000.00
Icon 11,424 ft²
Icon 0.57 acres
Icon - beds
Icon - baths
City:
Pueblo
State:
Colorado
Zip Code:
81005
County:
Pueblo
Country:
United States
Property Type:
Commercial
Additional Property Types:
Multi-Family
Year Built:
1979
Property Size:
11,424 ft²
Lot Size:
0.57 acres
Data Source:
REColorado
MLS/Reference Number(s):
8795445
Source Status:
Pending
Source Property Type:
Commercial, Multi-Family

Property Provided By

  • Nic Polaski
  • Cushman & Wakefield
  • +1 (719) 238-9074
Cashifyd
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Property Information

8% In-Place Cap Rate. Also available for individual purchase. C&W is pleased to present the Royal Crest Apartments. This opportunity consists of (3) identically constructed quads in Pueblo, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. The properties offer spacious, townhome style 2-bedroom, 1 ½-bathroom apartment homes with private patios and off-street parking. The properties benefit from their close proximity to several employers including Wal-Mart, Starbucks, Verizon, Discount Tire and various dining & retail. Additionally, the properties are adjacent to nearby parks and suburban neighborhoods such as Kaden C Burger Sports Complex, Pueblo South Football Field & Lehigh Park. Royal Crest Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Pueblo market. The attractiveness of these assets is magnified by the limited number of performing properties available in this market. Recent Renovations: Roughly 75% of the units at Royal Crest Apartments have undergone recent renovations. Updates include new LVP flooring and fresh paint throughout. Several units have received new bathroom vanities, tile tub surrounds and updated lighting. These improvements not only increase rental rates and tenant satisfaction but also contribute to the property’s long-term value. Turn-key Investment: Current management has positioned these properties with great in-place rents, immediate cash flow and predictable returns. Tenants are responsible for all utilities including water, sewer and trash affording the owner net-zero utility expense. Investors have the opportunity to take advantage of current management offering to stay in-place for a highly competitive fee of 5%.

Source Disclaimer

REColorado

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Courtesy of Cushman & Wakefield Nic.Polaski@cushwake.com
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This content last updated on 2024-04-02 16:56:26. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.


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