Description
This property consists of a 5-unit multi-family building located in the East Pueblo neighborhood of Pueblo, Colorado. The structure was originally built in 1917, showcasing classic early 20th-century architecture. The building offers an opportunity both investors seeking stable rental income in a growing area.
- Historic architecture with original charm and character
- Units are currently occupied, offering immediate rental income
- Potential for value-add opportunities, including interior renovations or common area improvements
- Off-street parking available for residents
- Strong rental demand in East Pueblo with a mix of residential and commercial properties in the area
- Attractive cap rate with opportunity for rent increases and/or renovation for higher rents
- Stable neighborhood with proximity to essential services, schools, parks, and transportation
- Strategic location near Downtown Pueblo, offering future growth potential
East Pueblo has seen steady growth in recent years, with improvements in infrastructure and increased development around the historic downtown area. The demand for rental properties is strong due to its accessibility to key amenities and proximity to employers in the region. The property's location offers long-term stability for investors looking to capitalize on the area's revitalization.
This 5-unit property in East Pueblo, CO, offers a rare opportunity to acquire a historically significant asset in a neighborhood with promising growth potential. With its income-generating potential, this property presents a solid investment for those looking to diversify their portfolio and take advantage of Pueblo's expanding real estate market.
