2026 Carlee DrPueblo, CO 81005

Property Details for 2026 Carlee Dr

Year built

1978

Lot size

3.80 AC

Property size (Sq ft)

45,866 SF

Property type

Apartment buildings

Description

This exceptional 60-unit apartment complex in Pueblo, Colorado presents a compelling investment opportunity. Priced at $6,000,000, this Class C multifamily property boasts 45,866 square feet across two, two-story buildings situated on a generous 3.8-acre lot. The property includes 30 one-bedroom/one-bathroom units and 30 two-bedroom/one-bathroom units, along with an on-site manager's house and workshop. Built in 1978 and zoned R-4, Briarwood Apartments benefits from significant recent upgrades, including new windows, a comprehensive security system with cameras, and renovated community areas featuring a basketball court, grills, pergolas, and a playground. Over 80% of the units have been upgraded since July 2015. Further improvements encompass new roofs, landscaping, irrigation, a new fence, and parking lot resurfacing. The property also features an assumable loan at a 3.4% interest rate with interest-only payments until October 1, 2025, for a principal amount of $2,500,000, extending for another 6.5 years. The current Net Operating Income (NOI) is $369,803, with a pro-forma NOI of $431,551, resulting in a current cap rate of 6.16% and a pro-forma cap rate of 7.19%. The property's location at 2026 Carlee Dr, Pueblo, CO 81005, offers convenient access to Briarwood Park. This is a turnkey investment with strong potential for future growth and immediate cash flow. The price per unit is $100,000.

Location Insight

City

Pueblo

County

Pueblo

State

Colorado

Latitude

38.2308

Longitude

-104.65

FAQs

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