1024 Oxford StPueblo, CO 81005

  • Residential income properties
  • 32,325 SF
For Sale
$3,400,000 View listing

Property Details for 1024 Oxford St

Lot size
1.23 AC
Property size (Sq ft)
32,325 SF
Property type
Residential income properties
Property subtype
Multifamily properties

Description

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.

1024 Oxford St, Pueblo, Colorado

Location Insight

City
Pueblo
County
Pueblo
State
Colorado
Latitude
38.2483
Longitude
-104.648

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].