671 Clarion DrPueblo West, CO 81007

  • Residential income properties
  • 18,492 SF
For Sale
$4,400,000 View listing

Property Details for 671 Clarion Dr

Year built
2024
Property size (Sq ft)
18,492 SF
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This exceptional Class A, 18-unit apartment building presents a compelling investment opportunity in the thriving Pueblo West, Colorado market. Completed in 2024, this new construction property boasts three buildings, each housing six units across a spacious 36,000 square foot lot. The complex features a mix of twelve 2-bedroom, 2-bathroom units and six 3-bedroom, 2-bathroom units, all designed with modern amenities including balconies or patios and covered parking for 17 vehicles, with additional uncovered spaces available. Accessible main-level units are also included. With a total of 18,492 square feet of net rentable space, the property commands a price of $237.94 per square foot and offers a compelling 6.50% cap rate, generating a net operating income (NOI) of $286,020. The property's strategic location less than a mile from downtown Pueblo West provides convenient access to a range of amenities, including a nearby upcoming Aquatic Center, major medical facilities, shopping, dining, and entertainment options. Its proximity to Lake Pueblo, a popular recreational destination attracting over two million visitors annually, further enhances its appeal. The R-5 zoning and ample parking (32 spaces) contribute to the property's overall value. This is an ideal investment for those seeking a strong, long-term hold in a rapidly growing area, with easy access to Pueblo, Canon City, and Colorado Springs. The asking price is $4,400,000, representing a price per unit of $244,444.44. The property's APN is 0507015061.

671 Clarion Dr, Pueblo West, Colorado

Location Insight

City
Pueblo West
County
Pueblo
State
Colorado
Latitude
38.3228
Longitude
-104.713

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].