Pueblo, CO 81005,49 Royal Crest DR
Pueblo, CO 81005,49 Royal Crest DR
Pueblo, CO 81005,49 Royal Crest DR
12
$610,000
$610,000
Est.Price: ?

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8 BD
8 BA
3,808 SqFt

49 Royal Crest DR Pueblo, CO 81005

Est. payment /mo
SOLD DATE : 07/26/2024

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Cooper Thayer

Cooper Thayer

The Thayer Group

+1(720) 666-7380

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $610,000

Property Type Multi-Family

Sub Type Quadplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,808 sqft

Price per Sqft $160

Subdivision Beulah

MLS Listing ID 9031577

Sold Date 07/26/24

Bedrooms 8

HOA Y/N No

Abv Grd Liv Area 3,808

Originating Board recolorado

Year Built 1980

Annual Tax Amount $1,623

Tax Year 2022

Property Description

8% In-Place Cap Rate. Available as a single 4 unit purchase or to purchase alongside 37 & 43 Royal Crest Drive. C&W is pleased to present the Royal Crest Apartments. This opportunity consists of (3) identically constructed quads in 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. The properties offer spacious, townhome style 2-bedroom, 1 ½-bathroom apartment homes with private patios and off-street parking. The properties benefit from their close proximity to several employers including Wal-Mart, Starbucks, Verizon, Discount Tire and various dining & retail. Additionally, the properties are adjacent to nearby parks and suburban neighborhoods such as Kaden C Burger Sports Complex, Pueblo South Football Field & Lehigh Park. Royal Crest Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Pueblo market. The attractiveness of these assets is magnified by the limited number of performing properties available in this market. Recent Renovations: Roughly 75% of the units at Royal Crest Apartments have undergone recent renovations. Updates include new LVP flooring and fresh paint throughout. Several units have received new bathroom vanities, tile tub surrounds and updated lighting. These improvements not only increase rental rates and tenant satisfaction but also contribute to the property’s long-term value. Turn-key Investment: Current management has positioned these properties with great in-place rents, immediate cash flow and predictable returns. Tenants are responsible for all utilities including water, sewer and trash affording the owner net-zero utility expense. Investors have the opportunity to take advantage of current management offering to stay in-place for a highly competitive fee of 5%.

Location

State CO

County Pueblo

Zoning R-4

Interior

Heating Baseboard

Cooling Evaporative Cooling

Fireplace N

Exterior

Roof Type Composition

Total Parking Spaces 8

Garage No

Building

Sewer Public Sewer

Level or Stories Two

Structure Type Frame

Schools

Elementary Schools Goodnight

Middle Schools Bessemer

High Schools South

School District Pueblo City 60

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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REColorado (REColorado MLS)
Listed by Cushman & Wakefield • Nic.Polaski@cushwake.com,719-238-9074
Bought with Coldwell Banker Commercial, NRT

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The Thayer Group

+1(720) 663-1224

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