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Listed price in listed location currency (USD).
$582,900
$610,000

888

MLS® 7525045

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size 3808 sqft
Garage No
Taxes $1,623
Lot Size 
Approx. Age 1979
Avg. Price Per Sqft $160
MLS® Number 7525045

Property Address: 37 Royal Crest Dr, Pueblo, CO, 81005-2151

Average square foot calculated using Size range provided by listing agent.

Description

8% In-Place Cap Rate. Also available for individual purchase. C&W is pleased to present the Royal Crest Apartments. This opportunity consists of (3) identically constructed quads in Pueblo, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. The properties offer spacious, townhome style 2-bedroom, 1 ½-bathroom apartment homes with private patios and off-street parking. The properties benefit from their close proximity to several employers including Wal-Mart, Starbucks, Verizon, Discount Tire and various dining & retail. Additionally, the properties are adjacent to nearby parks and suburban neighborhoods such as Kaden C Burger Sports Complex, Pueblo South Football Field & Lehigh Park. Royal Crest Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Pueblo market. The attractiveness of these assets is magnified by the limited number of performing properties available in this market. Recent Renovations: Roughly 75% of the units at Royal Crest Apartments have undergone recent renovations. Updates include new LVP flooring and fresh paint throughout. Several units have received new bathroom vanities, tile tub surrounds and updated lighting. These improvements not only increase rental rates and tenant satisfaction but also contribute to the property’s long-term value. Turn-key Investment: Current management has positioned these properties with great in-place rents, immediate cash flow and predictable returns. Tenants are responsible for all utilities including water, sewer and trash affording the owner net-zero utility expense. Investors have the opportunity to take advantage of current management offering to stay in-place for a highly competitive fee of 5%.
MLS® Number7525045
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1979
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

Apr 2, 2024End Date
$582,900Sold Price

Sold

Feb 28, 2024List Date
$610,000List Price

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