Investment Overview

Located off U.S. Highway 50, 3601 Morris Ave apartments were originally constructed in 1955 and were renovated in 2020. This property consists of five 1-bedroom / 1-bathroom units, as well as three 2-bedroom / 2-bathroom units. Residents at 3601 Morris Ave have easy access to community amenities including nearby K-12 education, parks, fitness centers, and a variety of retail options to suit everyday needs. 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. Pueblo's economic growth over the next ten years will be largely correlated to the wind and energy sectors. CS Wind, a South Korean-based wind tower manufacturing company, is expected to create 850+ new jobs through the expansion of the world's largest wind tower manufacturing plant in Pueblo. This expansion will have a transformative impact on Pueblo's environment, economy, and society. EVRAZ North America is in the process of finishing a $500 million long rail mill, which is also expected to create over 1,000 jobs once completed. The steel and wind sectors have historically created an abundance of jobs throughout the Pueblo market and will continue to do so throughout the foreseeable future.