This exceptional multifamily investment opportunity encompasses three well-maintained apartment buildings totaling 35 units in Pueblo, Colorado. Located at 1024-1026 Oxford Street and 28 Amherst Avenue, this property boasts a desirable location with easy access to local amenities. The buildings, constructed in 1971, 1972, and 1985, feature a mix of 24 one-bedroom/one-bathroom and 11 two-bedroom/one-bathroom units. Significant recent capital improvements enhance the property's value and appeal, including new circulating pumps and hot water heaters (1026 Oxford), silicon-coated roofs (1024 Oxford), new gutters (1024 & 1026 Oxford), updated landscaping with pergolas, BBQ grills, and concrete pads, new sidewalks, and the replacement of all swamp coolers within the last year. Adding to the income stream are 23 carports and two garages. Twenty-four units offer private balconies, and each building includes community pergolas and grilling stations. Historically operated as a 55+ community (though not deed-restricted), this property enjoys a quiet and low-maintenance environment. The property sits on 1.23 acres and is zoned R-5. The current NOI is $238,985, with a pro-forma NOI of $268,228, resulting in a 7.03% cap rate and a pro-forma cap rate of 7.89%. The asking price is $3,400,000, representing a price per unit of $97,143 and a price per square foot of $105.18 for the total 32,325 square feet. This is a strong performing asset with significant upside potential.
Highlights
Recent capital improvements include a new circulating pump and hot water heater.
The roof has received a silicon coating.
New gutters were installed.
The property features new landscaping, pergolas with BBQ grills, concrete pads, and outdoor seating areas.
A new sidewalk has been added.
All swamp coolers were replaced within the last year.
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Contacts
Jim Knowlton
Christopher Knowlton
Jennifer King
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1024 Oxford St, Pueblo, Colorado, 81005
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
1024 Oxford St
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