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Multi Family - Commerical 2605 Lake Ave 15 Unit Apartment Building $2,054,428 CAD ($136,962 CAD/Unit) 8.49% 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$229,947
|
$44.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$229,947
|
$44.86
|
| Taxes |
$3,046
|
$0.59
|
| Operating Expenses |
$32,188
|
$6.28
|
| Total Expenses |
$35,234
|
$6.87
|
| Net Operating Income |
$194,712
|
$37.99
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $229,947 |
| Annual Per SF | $44.86 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $229,947 |
| Annual Per SF | $44.86 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,046 |
| Annual Per SF | $0.59 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $32,188 |
| Annual Per SF | $6.28 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $35,234 |
| Annual Per SF | $6.87 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $194,712 |
| Annual Per SF | $37.99 |
Property Facts
| Price | $2,054,428 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $136,962 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 5,126 SF |
| Cap Rate | 8.49% | No. Stories | 1 |
| No. Units | 15 | Year Built/Renovated | 1948/2025 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | B4:COMM/RE | ||
| Price | $2,054,428 CAD |
| Price Per Unit | $136,962 CAD |
| Sale Type | Investment |
| Cap Rate | 8.49% |
| 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
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1-5-14-1-08-038 | Total Assessment | $54,693 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $3,046 CAD ($0.59 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
1-5-14-1-08-038
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$54,693 CAD
Annual Taxes
$3,046 CAD ($0.59 CAD/SF)
Tax Year
2025
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Multi Family - Commerical | 2605 Lake Ave
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