1228-1230 E Evans Ave
Property Description
This fully remodeled 9-unit apartment building presents an outstanding investment opportunity in the growing rental market of Pueblo, Colorado. The property has undergone extensive renovations throughout, including new luxury vinyl plank flooring, remodeled bathrooms, updated heating systems, granite countertops, fresh interior and exterior paint, and upgraded common areas. Most units feature new appliances and convenient in unit laundry hookups, providing an added appeal for tenants. A large unfinished basement with separate exterior access offers excellent flexibility for landlord storage or future value add potential. The properties enclosed by a 6 foot steel privacy fence surrounding both the front and rear creating a secure and private environment for residents, and a dedicated rear parking lot provides convenient off street parking for tenants. All nine units are separately metered for gas and electricity, keeping operating expenses low, while the landlord is responsible only for water and trash service. With a competitive cap rate, long term leases already in place, and a strong in place cash flow, this turnkey multifamily asset offers an exceptional opportunity for investors seeking a stable income producing property in one of southern Colorado's growing communities.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $895,000 |
| No. of Units: | 9 |
| Year Built: | 1905 |
| Lot Size: | 4,999.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $99,444 |
| Property Website | Click Here |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 9 |
ID: 3yd-PARCO-241343
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