Briarwood Apartments | 2032 Carlee Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Briarwood Apartments 2032 Carlee Dr
60 Unit Apartment Building $6,000,000 ($100,000/Unit) 6.16% Cap Rate Pueblo, CO 81005
Investment Highlights
- Well-Maintained 60 Unit Apartment Complex in Southwest Pueblo
- Significant Rental Upside in As-Is Condition
- Newly Renovated On-Site Managers Quarters and New 2 Car Garage/Workshop
- Attractive Assumable Loan at 3.4% for Another 6.5 Years!
- Numerous Building Upgrades Completed During Current Ownership Including Windows, Sliders, Security Cameras, Water Heaters/Holding Tanks
- Situated on a Large 3.8 Acre Lot backing up to Briarwood Park
Executive Summary
BRIARWOOD APARTMENTS
60 Units (30 - 1Br/1Ba, 30 - 2Br/1Ba) plus an on-site manager house and workshop. Briarwood Apartments was built in 1978 and sits on a large 3.8 acre lot that backs up to Briarwood Park. Community amenities include a basketball court, outdoor grill stations and pergolas and a playground. The property has seen substantial upgrades over the years including new windows, security system and cameras, 80%+
of the units have been upgraded during current ownership (July of 2015), and outdoor community areas have been upgraded as well. This property has an assumable loan at 3.4% for another 6.5 years with interest only payments until October 1, 2025. The loan amount is $2,500,000.
This Property and be purchased Individually or with the Vinewood 5 Apartments - 1936 Vinewood, 2018 Vinewood, and 1691 Moore Ave
60 Units (30 - 1Br/1Ba, 30 - 2Br/1Ba) plus an on-site manager house and workshop. Briarwood Apartments was built in 1978 and sits on a large 3.8 acre lot that backs up to Briarwood Park. Community amenities include a basketball court, outdoor grill stations and pergolas and a playground. The property has seen substantial upgrades over the years including new windows, security system and cameras, 80%+
of the units have been upgraded during current ownership (July of 2015), and outdoor community areas have been upgraded as well. This property has an assumable loan at 3.4% for another 6.5 years with interest only payments until October 1, 2025. The loan amount is $2,500,000.
This Property and be purchased Individually or with the Vinewood 5 Apartments - 1936 Vinewood, 2018 Vinewood, and 1691 Moore Ave
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,000,000 | Property Subtype | Apartment |
| Price Per Unit | $100,000 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.16% | Lot Size | 3.97 AC |
| Sale Conditions | 1031 Exchange | Building Size | 45,886 SF |
| No. Units | 60 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1978/1997 |
| Price | $6,000,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| Sale Conditions | 1031 Exchange |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 3.97 AC |
| Building Size | 45,886 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1978/1997 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | 600 |
| 2+1 | 30 | - | 700 |
1 of 1
PROPERTY TAXES
| Parcel Number | 1-5-10-4-22-001 | Improvements Assessment | $216,410 (2023) |
| Land Assessment | $81,740 (2023) | Total Assessment | $298,150 (2023) |
PROPERTY TAXES
Parcel Number
1-5-10-4-22-001
Land Assessment
$81,740 (2023)
Improvements Assessment
$216,410 (2023)
Total Assessment
$298,150 (2023)
zoning
| Zoning Code | R4 |
| R4 |
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Briarwood Apartments | 2032 Carlee Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.