1660 Moore AvePueblo, CO 81005

Property Details for 1660 Moore Ave

Year built

1960

Property size (Sq ft)

4,605 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents an eight-unit apartment building located at 1660 Moore Avenue in Pueblo, Colorado. The property, built in 1960 and extensively renovated in 2024, boasts a total of 4,605 square feet situated on an 11,892 square foot lot. The building comprises one two-story structure, zoned R2, and features seven one-bedroom and one two-bedroom apartment units. Currently operating at 100% occupancy with long-term leases in place, the property generates a substantial net operating income (NOI) of $60,580, resulting in a compelling 7.62% capitalization rate. The average monthly rent is $896, ranging from $825 to $975, plus utilities, with a RUBS system in place. Recent improvements include a boiler replacement in 2021 and significant upgrades and remodeling to most units. The asking price is $795,000, translating to $99,375 per unit and $172.64 per square foot. This stabilized investment property offers a strong return and significant potential for future growth in the desirable Highland Park neighborhood. The property's APN is 1147865. This is a for sale by owner listing.

Location Insight

City

Pueblo

County

Pueblo

State

Colorado

Latitude

38.24

Longitude

-104.647

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