108 Arthur St 10 Unit Apartment Building $890,000 ($89,000/Unit) 7.78% Cap Rate Pueblo, CO 81004



EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present the opportunity to acquire a well-located 10-unit multifamily property in Pueblo, Colorado, offering immediate and long-term value-add potential. Situated just minutes from Downtown Pueblo, this property is positioned in a highly desirable area that attracts tenants seeking both convenience and an active lifestyle.
The property features a mix of functional studio layouts 634 SF and a spacious two-bedroom unit with outdoor space, which is currently under-rented, offering significant upside potential for increased income. With long-term tenants in place, the property offers a stable cash flow and presents a prime opportunity for a new owner to implement operational value-add strategies.
Notable improvements have already been made to the property, including the installation of a new boiler, updated double-pane vinyl windows, and ongoing unit renovations. These upgrades enhance both the property’s efficiency and appeal to tenants. Additional amenities include off-street parking and an onsite coin-operated laundry facility.
This investment opportunity offers a strong base for continued growth, with potential for rent increases and further operational efficiencies. The desirable location combined with a solid physical asset makes this an excellent opportunity for investors seeking long-term value in a growing market.
The property features a mix of functional studio layouts 634 SF and a spacious two-bedroom unit with outdoor space, which is currently under-rented, offering significant upside potential for increased income. With long-term tenants in place, the property offers a stable cash flow and presents a prime opportunity for a new owner to implement operational value-add strategies.
Notable improvements have already been made to the property, including the installation of a new boiler, updated double-pane vinyl windows, and ongoing unit renovations. These upgrades enhance both the property’s efficiency and appeal to tenants. Additional amenities include off-street parking and an onsite coin-operated laundry facility.
This investment opportunity offers a strong base for continued growth, with potential for rent increases and further operational efficiencies. The desirable location combined with a solid physical asset makes this an excellent opportunity for investors seeking long-term value in a growing market.
PROPERTY FACTS
Price | $890,000 |
Price Per Unit | $89,000 |
Sale Type | Investment |
Cap Rate | 7.78% |
No. Units | 10 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Lot Size | 0.17 AC |
Building Size | 6,924 SF |
No. Stories | 3 |
Year Built | 1965 |
Parking Ratio | 2.31/1,000 SF |
UNIT AMENITIES
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
Studios | 9 | - | 634 |
2+1 | 1 | - | 1,378 |
1 of 1
PROPERTY TAXES
Parcel Number | 0-5-35-1-04-001 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $47,170 |
ZONING
Zoning Code | R5 |