$529,000
$545,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,584 SqFt
SOLD DATE : 08/28/2023
Key Details
Sold Price $529,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,584 sqft
Price per Sqft $147
Subdivision Belmont
MLS Listing ID 3411863
Sold Date 08/28/23
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 3,584
Originating Board recolorado
Year Built 1979
Annual Tax Amount $1,527
Tax Year 2022
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Nicely maintained and upgraded 4 plex in a great location- just 5 minutes to CSU Pueblo and 5 minutes to the Pueblo Mall (Target, Grocery Stores, Shops and Restaurants), plus quick access to Highway 25. This is a Turn Key property that has the potential to increase rents to market rate to improve cash flow. Plus, at $160 per square foot, these are priced well below their replacement cost. Property has professional Property Management in place, which can be transitioned to the new owner, for a worry free investment. Tenants pay Gas and Electric, Owners pay Water, Sewer and Trash. See documents for list of recent improvements and pro forma financial projection. Seller is also selling an identical 4 plex next door (20 Montebello Road).
Location
State CO
County Pueblo
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Appliance Dishwasher, Gas Water Heater, Oven, Refrigerator
Laundry None
Exterior
Garage Asphalt
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Architecural Shingle
Total Parking Spaces 12
Garage No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
Schools
Elementary Schools Belmont
Middle Schools Heaton
High Schools East
School District Pueblo City 60
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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