43 Royal Crest Dr Pueblo, CO 81005
Regency Neighborhood
8
Beds
4
Baths
3,808
Sq Ft
8,246
Sq Ft Lot
Highlights
- No Units Above
- Baseboard Heating
- Evaporated cooling system
- No HOA
About This Home
As of June 20248% In-Place Cap Rate.
Also available for individual purchase.
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%.
Last Agent to Sell the Property
Cushman & Wakefield Brokerage Email: Nic.Polaski@cushwake.com,719-238-9074 License #100099164 Listed on: 10/13/2023
Last Buyer's Agent
Cushman & Wakefield Brokerage Email: Nic.Polaski@cushwake.com,719-238-9074 License #100099164 Listed on: 10/13/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,059
Year Built
- Built in 1979
Lot Details
- 8,246 Sq Ft Lot
- No Units Above
Home Design
- Quadruplex
- Frame Construction
- Composition Roof
Interior Spaces
- 3,808 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 8 Parking Spaces
- Paved Parking
Schools
- Goodnight Elementary School
- Bessemer Middle School
- South High School
Utilities
- Evaporated cooling system
- Baseboard Heating
Community Details
- No Home Owners Association
- Regency Subdivision
Listing and Financial Details
- Exclusions: Tenant(s) personal property.
- Tenant pays for electricity, water
- Assessor Parcel Number 1-5-09-1-17-015
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$539,000
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Cushman & Wakefield is pleased to present 3501 Baltimore Ave, Pueblo, CO 81008, a quadruplex located just off HWY 50 in Northwest Pueblo, CO. 3501 Baltimore Ave is comprised of 4 units and includes a spacious mix of 2-bedroom and 1-bathroom apartments homes with recent renovations and plenty of off-street parking. Units come equipped with washer & dryer hookups as well as a built in wall AC Unit.
Nic Polaski Cushman & Wakefield
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/04/2024 06/04/24 | Sold | $582,900 | -4.4% | $153 / Sq Ft |
| 04/02/2024 04/02/24 | Pending | -- | -- | -- |
| 02/27/2024 02/27/24 | Price Changed | $610,000 | -4.7% | $160 / Sq Ft |
| 02/23/2024 02/23/24 | For Sale | $640,000 | 0.0% | $168 / Sq Ft |
| 01/22/2024 01/22/24 | Pending | -- | -- | -- |
| 11/16/2023 11/16/23 | Price Changed | $640,000 | -2.3% | $168 / Sq Ft |
| 11/02/2023 11/02/23 | Price Changed | $655,000 | -67.2% | $172 / Sq Ft |
| 10/13/2023 10/13/23 | For Sale | $1,995,000 | -- | $524 / Sq Ft |
Source: REcolorado®
Tax History Compared to Growth
Agents Affiliated with this Home
-
Nic Polaski
Seller's Agent in 2024
Nic Polaski
Cushman & Wakefield
(719) 238-9074
3 in this area
23 Total Sales
Map
Source: REcolorado®
MLS Number: 5859256
APN: 1509117015
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