2032 Carlee Dr, Pueblo, CO 81005
60 Unit Apartment Building | $6,000,000 ($100,000/Unit) | 6.16% Cap Rate | Pueblo, CO 81005
For Sale
Active
Asking Price $6,000,000
- Property Type
-
Multifamily
- Square Feet
- 45,886 SF
Listing Contacts
Chris Knowlton
Property Overview
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
Property Details
- Class
- B
- Year Built/Renovated
- 1978/1997
- Stories
- 2
- Lot Size (sq. ft)
- 172,933 SF
- Units
- 60
Highlights
- Well-Maintained 60 Unit Apartment Complex in Southwest Pueblo
- Attractive Assumable Loan at 3.4% for Another 6.5 Years!
- Significant Rental Upside in As-Is Condition
- Numerous Building Upgrades Completed During Current Ownership Including Windows, Sliders, Security Cameras, Water Heaters/Holding Tanks
- Newly Renovated On-Site Managers Quarters and New 2 Car Garage/Workshop
- Situated on a Large 3.8 Acre Lot backing up to Briarwood Park
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