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Multi Family - Commerical 2605 Lake Ave 15 Unit Apartment Building $1,938,162 CAD ($129,211 CAD/Unit) 9.10% Cap Rate Pueblo, CO 81004

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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 (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $232,430 $45.34
Other Income - -
Vacancy Loss - -
Effective Gross Income $232,430 $45.34
Taxes $3,079 $0.60
Operating Expenses $32,536 $6.35
Total Expenses $35,615 $6.95
Net Operating Income $196,815 $38.40

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income (CAD)
Annual $232,430
Annual Per SF $45.34
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $232,430
Annual Per SF $45.34
Taxes (CAD)
Annual $3,079
Annual Per SF $0.60
Operating Expenses (CAD)
Annual $32,536
Annual Per SF $6.35
Total Expenses (CAD)
Annual $35,615
Annual Per SF $6.95
Net Operating Income (CAD)
Annual $196,815
Annual Per SF $38.40

PROPERTY FACTS

Price $1,938,162 CAD
Price Per Unit $129,211 CAD
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
Zoning B4:COMM/RE

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Recycling
  • Walk-Up
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-5-14-1-08-038
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$31,527 CAD (2024)
Annual Taxes
$3,079 CAD ($0.60 CAD/SF)
Tax Year
2025
  • Listing ID: 37336824

  • Date on Market: 2025-08-19

  • Last Updated:

  • Address: 2605 Lake Ave, Pueblo, CO 81004

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