1427 E Evans Ave - Apartments FOR SALE


Pueblo, CO 81004
$900,000 USD
303-962-9575
1427 E Evans Ave, Pueblo, CO for Sale
$900,000 USD
Apartments - FOR SALE
1/17
null | 7.03% Cap Rate

1427 E Evans Ave
Pueblo, CO 81004


HIGHLIGHTS

  • 6 of 11 units newly updated
  • Value Add Opportunity with Existing Cash Flow
  • Under $82,000 per Door
  • 7+ Current Cap Rates; Can get to 9+ Cap Rate on Pro-formas

OVERVIEW

Located in the Bessemer neighborhood of Pueblo, Colorado, the subject property is an 11-unit value-add multifamily opportunity. This property is situated in a stable up-and-coming neighborhood that enjoys Lake Minnequa just minutes away to the southwest. The current owner has upgraded four of the units with a fifth underway. Substantial room left to continue to push rents to market. Unit mix includes one 2Br/1Ba, nine 1Br/1Ba units, and one studio. The property offers ample parking in the back with access through the alley, as well as ample street parking in the front.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

11

PRICE/UNIT

$81,818

CAP RATE

7.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

B4

APN/PARCEL ID

1-5-12-1-09-010

ASK ABOUT THIS PROPERTY

Paul NoraPinnacle Real Estate AdvisorsMore Info
303-962-9575

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Paul NoraPinnacle Real Estate AdvisorsMore Info
303-962-9575

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