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Stonegate Village Apartments 393 E Spaulding Ave 55 Unit Apartment Building $6,100,000 ($110,909/Unit) 6.75% Cap Rate Pueblo, CO 81007
Investment Highlights
- Over $800k of recent capital improvements to roofs, exterior paint, landscaping, parking lots, and stairs
Executive Summary
Turnkey investment opportunity with over $800k of recent capital improvements (exterior painting, roofs, landscaping, parking lots, and stairs), excellent operating history, and long-term value add potential with conversion to market-rate housing in 2040. For qualified buyers, debt assumption possibilities exist.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,100,000 | Building Class | C |
| Price Per Unit | $110,909 | Lot Size | 4.37 AC |
| Sale Type | Investment | Building Size | 61,574 SF |
| Cap Rate | 6.75% | Average Occupancy | 96% |
| No. Units | 55 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2000/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R6 | ||
| Price | $6,100,000 |
| Price Per Unit | $110,909 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.37 AC |
| Building Size | 61,574 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 2000/2025 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | R6 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Refrigerator
- Oven
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Laundry Facilities
- Playground
- Property Manager on Site
- Wheelchair Accessible
- Smoke Free
- Online Services
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 14 | $1,148 | 867 |
| 3+2 | 33 | $1,202 | 1,148 |
| 4+2 | 8 | $1,370 | 1,148 - 1,242 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0-6-12-2-21-001 | Total Assessment | $292,190 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
0-6-12-2-21-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$292,190
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Stonegate Village Apartments | 393 E Spaulding Ave
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