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Buy a multi-family propertyat 20 Montebello Rd, Pueblo, CO 81001

$545,000

$555,000 (-1.8%)

$0/mo

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Multifamily

3,584 Sq. Ft.

6,373 Sq. Ft. lot

364 Days on market

5290701 MLS ID

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About 20 Montebello Rd multi-family property

Nicely maintained and upgraded 4 plex in a great location- just 5 minutes to CSU Pueblo and 5 minutes to the Pueblo Mall (Target, Grocery Stores, Shops and Restaurants), plus quick access to Highway 25. This is a Turn Key property that has the potential to increase rents to market rate to improve cash flow. Plus, at $160 per square foot, these are priced well below their replacement cost. Property has professional Property Management in place, which can be transitioned to the new owner, for a worry free investment. Tenants pay Gas and Electric, Owners pay Water, Sewer and Trash. See documents for list of recent improvements and pro forma financial projection. Seller is also selling an identical 4 plex next door (26 Montebello Road).
Nicely maintained and upgraded 4 plex in a great location- just 5 minutes to CSU Pueblo and 5 minutes to the Pueblo Mall (Target, Grocery Stores, Shops and Restaurants), plus quick access to Highway 25. This is a Turn Key property that has the potential to increase rents to market rate to improve cash flow. Plus, at $160 per square foot, these are priced well below their replacement cost. Property has professional Property Management in place, which can be transitioned to the new owner, for a worry free investment. Tenants pay Gas and Electric, Owners pay Water, Sewer and Trash. See documents for list of recent improvements and pro forma financial projection. Seller is also selling an identical 4 plex next door (26 Montebello Road).

Property details

Building

Levels: "Two"

Above Grade Finished Area: 3584

Building Area Total: 3584

Construction Materials: "Wood/Frame"

Total Sq Ft: 3584

Living Area: 3584

Living Area Source: Assessor

Living Area Units: Square Feet

Stories: 2

Year Built: 1979

Appliances & Equipment

Appliances: "Dishwasher", "Refrigerator"

Bathrooms

Bathrooms Total Integer: 4

Baths Full Additional: 0

Baths Full Basement: 0

Baths Half Additional: 0

Baths Half Basement: 0

Baths Three Quarters Additional: 0

Baths Three Quarters Basement: 0

Baths Three Quarters Lower: 0

Baths Three Quarters Upper: 0

Bedrooms

Bedrooms Total: 8

Location

City: Pueblo

Country: US

County Or Parish: Pueblo

Locale: Pueblo

Latitude: 38.305325

Longitude: -104.60067

MLS Area Major: Out of Area

Postal Code: 81001

State Or Province: CO

Street Name: Montebello

Street Number: 20

Street Suffix: Rd

Subdivision Name: Belmont

Unparsed Address: 20 Montebello Rd Pueblo CO 81001

Cooling

Cooling: "Central Air"

Cooling YN: t

Garage

Covered Spaces: 12

Garage Spaces: 12

Garage YN: t

Garage Type: Off Street

Utilities

Electric: "Electric", "Separate Meter Electricity"

Gas: "Separate Meter Gas"

Utilities: "Electricity Available"

Schools

Elementary School: Belmont

High School: East

High School District: Pueblo City 60

Middle Or Junior School: Heaton

Foundation

Foundation Details: "Slab"

Income

Gross Income: 45000

Net Operating Income: 30174

Heating

Heating: "Forced Air"

Heating YN: t

Unit One

Bedrooms Unit 1: 2

Est Sq Ft Unit 1: 896

Number Of Units Unit 1: 4

Rent Unit 1: $937

Total Baths Unit 1: 1

Property

Crops: None

Property Condition: "Not New, Previously Owned"

Property Sub Type: Income Property

Property Type: Residential Income

Taxes

Has Metro Tax District: No

Tax Annual Amount: 1527

Tax Year: 2022

Water Features

Has Water Rights: No

Water Source: "City Water"

Unit Two

Number 2 Bedroom Units: 4

Listing

Price Per Sq Ft: 152.06

Listing Id: 5290701

Listing Terms: "Cash", "Conventional", "1031 Exchange"

List Price: 545000

Mls Status: Pending

Number Of Units Total: 4

Standard Status: Pending

Lot

Lot Size Acres: 0.15

Lot Size Area: 6373

Lot Size Square Feet: 6373

Lot Size Units: Square Feet

Expenses

Operating Expense: 14826

Tenant Pays

Tenant Pays: "Gas", "Electricity"

Monthly cost

Estimated monthly cost

$3,359/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$512,300

+$16,350

$528,650

Seller agent commission$16,350 (3%)*

$0 (0%)

Buyer agent commission$16,350 (3%)*

$16,350 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $16,350 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Apr 18, 2024 at 7:21 p.m.

Data updated: Jul 26, 2023 at 5:44 p.m.

Courtesy of Carl Borrmann, Your Castle Real Estate Inc 303-282-8282
This content last updated on 07/26/2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Provided for limited non-commercial use only under IRES Rules. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © IRES 2024. All Rights Reserved.

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