Investment Overview

Marcus & Millichap is pleased to present Palo Verde Apartments, an 8-unit property, with a 20 year HAP contract, located in Pueblo, Colorado. The HAP contract was signed 7/1/2023 and allows for an annual mark to market. Also, HUD guarantees 60 days of vacancy payments for each unit as units turn. Comprised of 2 one-bedroom units and 6 two-bedroom units, Palo Verde Apartments offers a unique opportunity for investors to acquire a stabilized, cash-flowing asset in a steadily growing rental market. With strong in-place rents and potential for further value-add improvements, this property provides both immediate income and long-term upside through strategic management and capital enhancements. The property benefits from a convenient location near schools, parks, and major employers, contributing to consistent tenant demand. Additionally, Pueblo’s affordability and ongoing economic development make it an attractive market for both renters and multifamily investors.