80 Blackburn Ln
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80 Blackburn Ln
8 Unit Apartment Building $1,250,000 ($156,250/Unit) 6.36% Cap Rate Pueblo, CO 81001
Investment Highlights
- Extraordinary residential Commercial Investment Opportunity: Prime Location 8-Unit Property with Tremendous Potential. Discover an unparalleled invest
Executive Summary
Extraordinary residential Commercial Investment Opportunity: Prime Location 8-Unit Property with Tremendous Potential. Discover an unparalleled investment prospect with this impeccably maintained and upgraded double 4-plex, boasting a total of 8 units. Nestled in an enviable location, a mere 5 minutes away from CSU Pueblo and the bustling Pueblo Mall, this property offers an enticing blend of convenience and connectivity. Rapid access to Highway 25 further enhances its accessibility. Seamlessly turnkey, this property holds the promise of enhanced cash flow through rent optimization to align with current market rates. With tenants responsible for Gas and Electric, and owners covering Water, Sewer, and Trash, the financial structure is designed for maximum efficiency. Many units have been recently renovated and updated. Each building houses four townhome-style condos, each featuring 2 bedrooms, 1.5 baths, and laundry hook-ups. The spacious living areas, well-appointed kitchens, and convenient off-street parking create a highly sought-after residential experience. Seize the opportunity to be part of a lucrative investment journey in a thriving locale. All 8 units are currently leased on a month to month basis.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $156,250 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 7,980 SF |
| Cap Rate | 6.36% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1997 |
| Property Subtype | Apartment | Parking Ratio | 1.88/1,000 SF |
| Apartment Style | Townhome |
| Price | $1,250,000 |
| Price Per Unit | $156,250 |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 7,980 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1997 |
| Parking Ratio | 1.88/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | $862.50 | 997 |
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PROPERTY TAXES
| Parcel Number | 0-4-20-4-28-003 | Total Assessment | $59,090 |
| Land Assessment | $4,020 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $55,070 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0-4-20-4-28-003
Land Assessment
$4,020
Improvements Assessment
$55,070
Total Assessment
$59,090
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R-5 (R-5 Zoning) |
| R-5 (R-5 Zoning) |
-
Kirstin Ruehlen -
Coldwell Banker Realty
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80 Blackburn Ln
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