1228 E Evans Ave
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1228 E Evans Ave
9 Unit Apartment Building $615,000 ($68,333/Unit) 10.16% Cap Rate Pueblo, CO 81004
Executive Summary
1228 E Evans is a thriving 9-unit cash-flowing asset situated in the charming State Fair neighborhood of Pueblo, CO. this meticulously maintained property stands as a testament to modern investment success, offering a mix of studios, one-bedroom and two-bedroom units. The strategic location in the State Fair neighborhood adds to the property’s allure, providing residents with a sense of community and easy access to local amenities. This makes 1228 E Evans not just an investment but a part of a vibrant neighborhood fabric. Boasting a diverse unit composition, the property caters to a broad spectrum of tenants. Each unit has undergone slight renovations, reflecting the commitment of the current owners to delivering top-of-market living standards. These renovations not only enhance the aesthetic appeal of the units but also position the property competitively in the rental market. Whether you’re an experienced investor or exploring opportunities in real estate, 1228 E Evans promises a sound investment with proven cash-flow potential.
Property Facts
| Price | $615,000 | Apartment Style | Low Rise |
| Price Per Unit | $68,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 10.16% | Building Size | 4,663 SF |
| Gross Rent Multiplier | 8.09 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1905 |
| Property Type | Multifamily | Parking Ratio | 1.5/1,000 SF |
| Property Subtype | Apartment |
| Price | $615,000 |
| Price Per Unit | $68,333 |
| Sale Type | Investment |
| Cap Rate | 10.16% |
| Gross Rent Multiplier | 8.09 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,663 SF |
| No. Stories | 2 |
| Year Built | 1905 |
| Parking Ratio | 1.5/1,000 SF |
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 1-5-01-4-17-006 | Improvements Assessment | $18,450 |
| Land Assessment | $4,020 | Total Assessment | $22,470 |
PROPERTY TAXES
Parcel Number
1-5-01-4-17-006
Land Assessment
$4,020
Improvements Assessment
$18,450
Total Assessment
$22,470
zoning
| Zoning Code | B4 |
| B4 |
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1228 E Evans Ave
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