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Multifamily

1207 N Main St

1207 N Main St, Pueblo, CO 81003

Listing Price: $1,025,000

Cap Rate
6.07%
Number of Units
10
Occupancy
97.0%
Price/Unit
$102,500
Price/Gross SF
$258.84
Gross SF
3,960

Investment Overview

Located closely to downtown Pueblo, 1207 N Main St apartments were originally constructed in 1928. This property offers its tenants ten standalone cottages, which each consist of one bedroom and one bathroom. Residents at 1207 N Main St have easy access to community amenities including nearby K-12 education, parks, fitness centers, and a variety of retail options to suit everyday needs. City Park sits 3.5 miles Southwest and Mineral Palace Park sits .3 miles to the Northeast. These are two well-known outdoor areas that contain some of the most beautiful outdoor spaces that Pueblo has to offer. At these parks, you will find hiking/biking trails, a disc golf course, as well as volleyball and basketball courts. 1207 N Main St sits less than one mile from downtown, which contains a variety of retail options consisting of bars, shopping, restaurants, and grocery stores. The neighborhood is appealing to Pueblo apartment dwellers due to the amount of nearby open space complimented by countless nearby retail options. Strong employment fundamentals within the area drive the investment appeal of this asset. Low vacancy levels complemented by rapidly expanding rental demand across Pueblo are also major contributing factors to the interest of this property.

Investment Highlights

  • Central location with close proximity to a variety of retail options
  • Value-add potential
  • No RUBS system currently in place, which presents year one upside

Exclusively Listed By

Multifamily

1207 N Main St

Listing Price: $1,025,000

Cap Rate
6.07%
Number of Units
10
Occupancy
97.0%
Price/Unit
$102,500
Price/Gross SF
$258.84
Gross SF
3,960

Investment Highlights

  • Central location with close proximity to a variety of retail options
  • Value-add potential
  • No RUBS system currently in place, which presents year one upside

Investment Overview

Located closely to downtown Pueblo, 1207 N Main St apartments were originally constructed in 1928. This property offers its tenants ten standalone cottages, which each consist of one bedroom and one bathroom. Residents at 1207 N Main St have easy access to community amenities including nearby K-12 education, parks, fitness centers, and a variety of retail options to suit everyday needs. City Park sits 3.5 miles Southwest and Mineral Palace Park sits .3 miles to the Northeast. These are two well-known outdoor areas that contain some of the most beautiful outdoor spaces that Pueblo has to offer. At these parks, you will find hiking/biking trails, a disc golf course, as well as volleyball and basketball courts. 1207 N Main St sits less than one mile from downtown, which contains a variety of retail options consisting of bars, shopping, restaurants, and grocery stores. The neighborhood is appealing to Pueblo apartment dwellers due to the amount of nearby open space complimented by countless nearby retail options. Strong employment fundamentals within the area drive the investment appeal of this asset. Low vacancy levels complemented by rapidly expanding rental demand across Pueblo are also major contributing factors to the interest of this property.

Exclusively Listed By

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