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Multi Family - Commerical 2605 Lake Ave 15 Unit Apartment Building $1,399,900 ($93,327/Unit) 9.10% Cap Rate Pueblo, CO 81004
INVESTMENT HIGHLIGHTS
- all remodeled residential units
EXECUTIVE SUMMARY
15 plex all units have been remodeled and are currently leasing vacant units. Detached 2 car garage that can be rented and a commercial space that is gutted that was previously a restaurant/bar. Storage room available to add on site laundry if wanted.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$167,880
|
$32.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$167,880
|
$32.75
|
| Taxes |
$2,224
|
$0.43
|
| Operating Expenses |
$23,500
|
$4.58
|
| Total Expenses |
$25,724
|
$5.02
|
| Net Operating Income |
$142,156
|
$27.73
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $167,880 |
| Annual Per SF | $32.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $167,880 |
| Annual Per SF | $32.75 |
| Taxes | |
|---|---|
| Annual | $2,224 |
| Annual Per SF | $0.43 |
| Operating Expenses | |
|---|---|
| Annual | $23,500 |
| Annual Per SF | $4.58 |
| Total Expenses | |
|---|---|
| Annual | $25,724 |
| Annual Per SF | $5.02 |
| Net Operating Income | |
|---|---|
| Annual | $142,156 |
| Annual Per SF | $27.73 |
PROPERTY FACTS
| Price | $1,399,900 | Apartment Style | Low-Rise |
| Price Per Unit | $93,327 | Building Class | C |
| Sale Type | Investment | Building Size | 5,126 SF |
| Cap Rate | 9.10% | No. Stories | 1 |
| No. Units | 15 | Year Built/Renovated | 1948/2025 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $1,399,900 |
| Price Per Unit | $93,327 |
| Sale Type | Investment |
| Cap Rate | 9.10% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 5,126 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1948/2025 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 1-5-14-1-08-038 | Total Assessment | $22,790 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | $2,224 ($0.43/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
1-5-14-1-08-038
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$22,790 (2024)
Annual Taxes
$2,224 ($0.43/SF)
Tax Year
2025
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Multi Family - Commerical | 2605 Lake Ave
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