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Off market

Buy a multi-family propertyat 26 Montebello Road, 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

8 Bedrooms

0 Bathrooms

374 Days on market

3411863 MLS ID

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About 26 Montebello Road 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 (20 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 (20 Montebello Road).

Property details

Property Access

Road Responsibility: "Public Maintained Road"

Appliances & Equipment

"Dishwasher", "Gas Water Heater", "Oven", "Refrigerator"

Bathrooms

4 total baths

Bedrooms

8 total bedrooms

Building

Above Grade Finished Area: 3584

Construction Materials: "Frame"

Levels: "Two"

Living Area: 3584

Occupant Type: Tenant

Structure Type: "Quadruplex"

Total Area: 3584

Unit Count: 1

Unit Types: "Array"

Built in 1979

Cooling

Cooling: "Central Air"

Disclosures

Attribution Contact: 303-282-8282

Exclusions: Tenants personal property, including any washers and dryers

Expenses

Operating Expense Includes: "Insurance", "Maintenance", "Personal Property Tax", "Professional Management", "Utilities"

Operating Expense: $14,826

Projected Annual Expense: $14,983

Foundation

Foundation Details: "Slab"

Heating

Heating: "Forced Air"

Home Owner's Association

Association Fee Total Annual: $0

Association Fee Annual: 0.00

Association Fee 2 Annual Expense: 0.00

Association Fee 3 Annual Expense: 0.00

Income

Actual Annual Net Income: 30174.00

Gross Income: $45,000

Projected Annual Net Income: $36,559

Projected Gross Income: $53,136

Laundry

Features: "None"

Listing

Listing Id: REC3411863

Standard Status: Pending

Mls Status: Pending

Contingency: None Known

Listing Contract Date: 2023-04-20

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

Off Market Date: 2023-07-25

Original List Price: $575,000

Special Listing Conditions: "None"

Location

County Or Parish: Pueblo

Subdivision Name: Belmont

Lot

Acres: 0.15

Area: 6373

Parcel Number: 418312002

Square Feet: 6373

Energy Saving

Green Verification Count: 0

Owner Pays

Owner Pays: "Exterior Maintenance", "Grounds Care", "Insurance", "Trash Collection", "Water"

Ownership: Corporation/Trust

Parking

Parking Total: 12

Carport Spaces: 0

Offstreet Spaces: 12

Reserved Spaces: 0

RV Spaces: 0

Parking Count: 1

Features: "Asphalt"

Possession

"Closing/DOD", "Subject To Tenant Rights"

Property

Livable Structure Count: 0

Out Building Count: 0

Property Condition: "Updated/Remodeled"

Property Sub Type: Quadplex

Roof

Roof: "Architecural Shingle"

Schools

School Of Choice

Elementary School: Belmont

Elementary School District: Pueblo City 60

Middle Or Junior School: Heaton

Middle Or Junior School District: Pueblo City 60

High School: East

High School District: Pueblo City 60

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: 1527

Legal Description: LOT 11 BLK 500 T J SUB

Tax Year: 2022

Tenant Pays

Tenant Pays: "Electricity", "Gas"

Utilities

Power Production Count: 0

Utilities: "Electricity Connected", "Natural Gas Connected"

Utility Billing To Tenants: Direct Billing from Utility

Utility Metering: Separate Electric,Separate Gas

Water Source: "Public"

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: Aug 8, 2023 at 4:38 p.m.

Data updated: Jul 26, 2023 at 6:04 p.m.

Courtesy of Your Castle Real Estate Inc 303-282-8282
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This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

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