1111 Arroyo AvePueblo, CO 81004

Property Details for 1111 Arroyo Ave

Year built

1971

Property size (Sq ft)

3,744 SF

Property type

Apartment buildings

Description

This stabilized, 4-unit apartment building in Pueblo, Colorado, presents a compelling investment opportunity. The property, located at 1111 W Arroyo Ave, boasts a 7.14% cap rate and a Net Operating Income (NOI) of $41,757. Built in 1971 and extensively renovated in 2022, the 3,744 square foot building sits on a 6,250 square foot lot. The four units, each featuring two bedrooms and one bathroom with over 900 square feet, are currently 100% occupied. Recent renovations include new luxury vinyl plank (LVP) flooring, fresh paint, updated lighting, and kitchen and bathroom improvements. Each unit includes washer/dryer hookups, and tenants are responsible for all utilities except water/sewer, which is billed back by the owner. The property's prime location near Mesa Junction, the Pueblo Library, and Downtown Pueblo offers easy access to dining, retail, and other amenities, ensuring strong tenant demand. The asking price is $585,000, representing $146,250 per unit and $156.25 per square foot. This property offers potential for increased rental income as leases turn over and further property improvements are implemented. The building is a two-story structure, offering a solid foundation for long-term investment growth in a desirable Pueblo neighborhood.

Location Insight

City

Pueblo

County

Pueblo

State

Colorado

Latitude

38.2481

Longitude

-104.624

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