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41-47 Cokedale Dr 4 Unit Apartment Building $1,073,693 CAD ($268,423 CAD/Unit) 6.80% Cap Rate Pueblo West, CO 81007
Investment Highlights
- Good access to public schools, shopping, restaurants, library, Civil Center Park & near Desert Hawk Golf Course
- Value add / upside with the current rents below market and a 1.09 acre lot which could allow for an additional 4 unit building to be added
- Large 2 BD 2 BA units (over 1100SF) with garages and great appeal to high quality long term tenants for stable cash flow
Executive Summary
A high quality four unit well located in Pueblo West features two bedroom two bath units over 1100 square feet, garages on approximately one acre lost which could allow for an additional four units to be constructed in the future.
This property has remained 100% full to high quality tenants for several years. The cap rate based on market rents is 8.1%.
Please do not disturb or approach tenants. Contact listing agent with any questions or to see interior photos.
This property has remained 100% full to high quality tenants for several years. The cap rate based on market rents is 8.1%.
Please do not disturb or approach tenants. Contact listing agent with any questions or to see interior photos.
Property Facts
| Price | $1,073,693 CAD | Building Class | C |
| Price Per Unit | $268,423 CAD | Lot Size | 1.09 AC |
| Sale Type | Investment | Building Size | 4,932 SF |
| Cap Rate | 6.80% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1999 |
| Property Type | Multifamily | Parking Ratio | 2.75/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-5 - We believe this lot size could allow for an additional 4 units to be constructed for a total of 8 units. | ||
| Price | $1,073,693 CAD |
| Price Per Unit | $268,423 CAD |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 4,932 SF |
| No. Stories | 2 |
| Year Built | 1999 |
| Parking Ratio | 2.75/1,000 SF |
| Zoning | R-5 - We believe this lot size could allow for an additional 4 units to be constructed for a total of 8 units. |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Kitchen
- Range
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,796 CAD | 1,100 |
1 1
Somewhat walkable
20/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0-6-14-1-04-020 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $45,495 CAD |
Property Taxes
Parcel Number
0-6-14-1-04-020
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$45,495 CAD
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41-47 Cokedale Dr
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