608 Baystate AvePueblo, CO 81004

Description

Turnkey investment opportunity with strong in place income. This remodeled four unit multifamily property is currently generating 4,869 per month in rental income equating to over 58k in annual gross income providing investors with immediate cash flow from day one. The property features a diverse unit mix consisting of two studio units, one 1 bed/1 bath and one 2 bed/2 bath unit, offering broad tenant appeal and helping reduce vacancy risk. Recent updates throughout the units include new floor coverings, fresh interior paint, updated appliances, and attractive white cabinetry, minimizing near-term capital expenditures. Gas service is separately metered, while the owner currently pays water, electric, and trash. The combination of updated interiors, established rental income, and a desirable unit mix makes this an excellent addition to any investment portfolio. Conveniently located near shopping, dining, employment centers, and major transportation routes, this fully leased property offers both immediate income and long term investment potential. Opportunities to acquire a renovated, income producing fourplex at this price point are becoming increasingly difficult to find.

Property Information

Property type

Residential Income

Sub-type

Duplex

Style

Three+ Story

Year built

1903

Living area

2,604 Sq Ft

Lot size

0.13 acres

Lot dimensions

50x116

Ownership

Seller

Zoning

R-3

Days on market

120

MLS^® Listing#

240321

Property Features

Appliances

Electric Cooktop · Range

Heating

Electric · Natural Gas

Flooring

Hardwood

Basement

Partial · Unfinished

Parking

No Garage · On Street

Laundry

Common Area

Construction

Frame · Stucco

Roof

Composition

Windows

Double Pane Windows

Sewer

Public Sewer

Water source

Public

Schools

District

60

Financial Details

HOA

None

Annual taxes

$1,460

Parcel number

1512221017

Directions

From i25 and exit 97a head to central ave right towards state fairgrounds, left on e Evans, right on Baystate, home is on the left.