393 E Spaulding Ave - Apartments FOR SALE


Pueblo, CO 81007
$6,100,000 USD
425-761-1640
393 E Spaulding Ave, Pueblo, CO for Sale
$6,100,000 USD
Apartments - FOR SALE
1/21
null | 6.75% Cap Rate

393 E Spaulding Ave
Pueblo, CO 81007


HIGHLIGHTS

  • Over $800k of recent capital improvements to roofs, exterior paint, landscaping, parking lots, and stairs

OVERVIEW

Turnkey investment opportunity with over $800k of recent capital improvements (exterior painting, roofs, landscaping, parking lots, and stairs), excellent operating history, and long-term value add potential with conversion to market-rate housing in 2040. For qualified buyers, debt assumption possibilities exist.

FOR SALE DETAILS

PRICE

$6,100,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

55

PRICE/UNIT

$110,909

CAP RATE

6.75%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stonegate Village Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

PARKING SPACES

72

LAND DETAILS

LAND ACRES

4.37 AC

LAND SF

190,357 SF

ZONING

R6

APN/PARCEL ID

0-6-12-2-21-001

ASK ABOUT THIS PROPERTY

Mike TerryBerkadia Real Estate AdvisorsMore Info
425-761-1640

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Mike TerryBerkadia Real Estate AdvisorsMore Info
425-761-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.