37, 43 & 49 Royal Crest Drive, Pueblo

8% In-Place Cap Rate.
Also available for individual purchase.

C&W is pleased to present the Royal Crest Apartments. This opportunity consists of (3) identically constructed quads in Pueblo, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. The properties offer spacious, townhome style 2-bedroom, 1 ½-bathroom apartment homes with private patios and off-street parking.

The properties benefit from their close proximity to several employers including Wal-Mart, Starbucks, Verizon, Discount Tire and various dining & retail. Additionally, the properties are adjacent to nearby parks and suburban neighborhoods such as Kaden C Burger Sports Complex, Pueblo South Football Field & Lehigh Park.

Royal Crest Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Pueblo market. The attractiveness of these assets is magnified by the limited number of performing properties available in this market.

Recent Renovations: Roughly 75% of the units at Royal Crest Apartments have undergone recent renovations. Updates include new LVP flooring and fresh paint throughout. Several units have received new bathroom vanities, tile tub surrounds and updated lighting. These improvements not only increase rental rates and tenant satisfaction but also contribute to the property’s long-term value.

Turn-key Investment: Current management has positioned these properties with great in-place rents, immediate cash flow and predictable returns. Tenants are responsible for all utilities including water, sewer and trash affording the owner net-zero utility expense. Investors have the opportunity to take advantage of current management offering to stay in-place for a highly competitive fee of 5%.

Cushman & Wakefield.

Essential Information

MLS® #8795445

Price$1,830,000

Bathrooms0.00

Square Footage11,424

Acres0.57

Year Built1979

TypeCommercial

Sub-TypeMulti-Family

StatusPending

Community Information

Address37, 43 & 49 Royal Crest Drive

CityPueblo

CountyPueblo

StateCO

Zip Code81005

Utilities

Electricity Available, Natural Gas Available

Exterior

RoofComposition

Additional Information

Date ListedJuly 3rd, 2023

ZoningR-4

Parking Spaces24

Listing Details

Cushman & Wakefield

Property History

Apr. 2Status Changed from Active to Pending

Feb. 27Price Reduced from $1,920,000 to $1,830,000

Feb. 23Status Changed from Pending to Active

Jan. 23Status Changed from Active to Pending

Nov. 16Price Reduced from $1,965,000 to $1,920,000

Nov. 2Price Reduced from $1,995,000 to $1,965,000

Oct. 13Price Reduced from $2,660,000 to $1,995,000

Sep. 29Price Reduced from $2,790,000 to $2,660,000

Sep. 1Price Reduced from $2,840,000 to $2,790,000

Show All History (9)