1000 Carteret Ave - Apartments FOR SALE


Pueblo, CO 81004
$925,000 USD
417-459-2155
1000 Carteret Ave, Pueblo, CO for Sale
$925,000 USD
Apartments - FOR SALE
1/30
null | 8.03% Cap Rate

1000 Carteret Ave
Pueblo, CO 81004


HIGHLIGHTS

  • Significant improvements to plumbing, sewer, electrical, roof and windows.

OVERVIEW

Cushman & Wakefield is pleased to present an exceptional investment opportunity: a 10-unit residential property located in the desirable Mesa Junction submarket of Pueblo, Colorado. This asset offers strong cash flow potential and significant upside, having undergone complete renovations. Mechanics have been brought up to code; engineered plans were commissioned to bring all plumbing, sewer, wiring, and unit heat/air conditioning up to current codes in 2018. All work was completed according to those plans by licensed contractors. The work was inspected and approved by the Pueblo Regional Building Department, thus removing most maintenance requests and repair costs. The property is located in the highly accessible and well-connected Mesa Junction submarket, a neighborhood that offers a vibrant mix of amenities. It is in close proximity to Pueblo Central High School and the Pueblo Library. Residents also benefit from a variety of dining and retail options, easy accessibility to the Downtown Pueblo area, adding convenience and enhancing the appeal of the property as a desirable place to live. This property presents a solid investment opportunity with immediate rental income, recent upgrades that lower future capital expenditures, and a location in a desirable, developing area.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

10

PRICE/UNIT

$92,500

CAP RATE

8.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,531 SF

ZONING

B1

APN/PARCEL ID

1-5-02-4-18-001

ASK ABOUT THIS PROPERTY

Lee WagnerCushman & WakefieldMore Info
417-459-2155

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Lee WagnerCushman & WakefieldMore Info
417-459-2155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.