984 E Saxony Drive Apartments | 984 E Saxony Dr
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984 E Saxony Drive Apartments 984 E Saxony Dr
24 Unit Apartment Building $3,125,000 ($130,208/Unit) 6.13% Cap Rate Pueblo, CO 81007
Investment Highlights
- Significant recent capital improvements with 24 unit renovations
- On-site laundry, off-street parking
- Central AC for all units
- Opportunity to lower utility cost by shifting electric cost to tenants as leases roll over
Executive Summary
Cushman & Wakefield is pleased to present 984 E Saxony Drive, an exceptional and turn-key multifamily opportunity located in the heart of Pueblo West, Colorado. This well-maintained complex offers a desirable mix of (24) upgraded 2-bedroom units with strong in-place rents. Recent renovations to all 24 units ensure limited future capital expenditures, lowered maintenance expenses and increased tenant satisfaction, adding to the property’s long-term profitability & stability. Beyond the comfortable living spaces, 984 E Saxony Drive’s proximity near Hwy 50 & Purcell Blvd, provides easy access to major transportation and nearby amenities. Dining options such as Copper River & Reservoir Brewing, Outdoor recreation with Pueblo Reservoir, Civic Center Park and Dessert Hawk GC and two major grocery stores including Safeway and Walmart Supercenter. There is currently a limited supply of apartment units in Pueblo West, which will continue as the city plans to limit new construction into the future. Additionally, this property presents an enticing opportunity for potential investors to maximize returns through operational improvements. Investors can lower expenses by shifting utility cost back to tenants
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Property Facts
Price | $3,125,000 | Building Class | C |
Price Per Unit | $130,208 | Lot Size | 1.00 AC |
Sale Type | Investment | Building Size | 18,000 SF |
Cap Rate | 6.13% | Average Occupancy | 100% |
No. Units | 24 | No. Stories | 2 |
Property Type | Multifamily | Year Built/Renovated | 1974/2022 |
Property Subtype | Apartment | Parking Ratio | 1.83/1,000 SF |
Apartment Style | Low Rise |
Price | $3,125,000 |
Price Per Unit | $130,208 |
Sale Type | Investment |
Cap Rate | 6.13% |
No. Units | 24 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 1.00 AC |
Building Size | 18,000 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built/Renovated | 1974/2022 |
Parking Ratio | 1.83/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 24 | - | 750 |
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PROPERTY TAXES
Parcel Number | 0-5-07-0-22-002 | Improvements Assessment | $106,170 |
Land Assessment | $32,160 | Total Assessment | $138,330 |
PROPERTY TAXES
Parcel Number
0-5-07-0-22-002
Land Assessment
$32,160
Improvements Assessment
$106,170
Total Assessment
$138,330
zoning
Zoning Code | R5 |
R5 |
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984 E Saxony Drive Apartments | 984 E Saxony Dr
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