431 Grant Ave, Pueblo, CO 81004
4 Unit Apartment Building | $475,000 ($118,750/Unit) | 6.50% Cap Rate | Pueblo, CO 81004
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 27 days
Asking Price $475,000
- Property Type
-
Multifamily
- Square Feet
- 6,820 SF
Listing Contacts
Lee Wagner
Property Overview
Cushman & Wakefield is pleased to present 431 W Grant Avenue, a quadruplex located just one mile from Downtown Pueblo, CO. This opportunity is primed for an investor looking to benefit from solid, in-place returns as well as reap the reward of continuing to increase rents to market level. Located in the Mesa Junction submarket of Pueblo, 431 W Grant is comprised of 4 units and includes a spacious mix of 2-bedroom and 1-bedroom apartments homes with recent renovations and off-street parking. The property’s strategic location near the Library District and South end of Downtown along the Arkansas River offers countless dining and retail options, further enhancing its appeal. Additionally, the adjacency to nearby parks and suburban amenities throughout Mesa Junction including Bruner Park, Jackson Park, and Dutch Clark Stadium allows new coming residents to feel right at home. 431 W Grant Avenue is perfectly positioned to capitalize on the high rental demand in the Pueblo market. The allure of this asset is further amplified by the opportunity to enhance operational efficiency through increased rental income, implementation of a utility bill-back system, as well as the limited number of performing properties currently available in the market.
Property Details
- Class
- C
- Year Built
- 1940
- Stories
- 2
- Units
- 4
Highlights
- Recent Renovations: Approximately three-fourths of the units at 431 W Grant have recently undergone renovations. Updates encompass new LVP flooring an
- Great unit mix with room for rent growth: The portfolio comprises two units with a 2-bed, 1-bath layout and an additional two units with a 1-bed, 1-ba
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].