BEDS1
BATHS2
SQUARE FEET732
MLS#237268
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMinnequa Area
SCHOOL60
Property Description
Presenting a rare investment opportunity featuring a beautifully remodeled investment property accompanied by a fully renovated cottage. Both designed to deliver strong, stable rental income with secured 24 month lease terms in place. Each unit has undergone extensive upgrades within the past year, showcasing modern LVP flooring, fresh interior and exterior paint, new roof, updated countertops, brand new cabinetry, and upgraded appliances; creating a turnkey asset with minimal deferred maintenance. Both residences offer private fenced yards- an increasingly south after amenity that enhances tenant satisfaction and long term retention. The thoughtful renovations and functional layouts position these units at the top of their respective rental markets, attracting quality tenants and supporting consistent occupancy. This is a truly exceptional income producing property offering an unmatched cap rate and immediate cash flow, making it an ideal addition to any investors portfolio seeking both performance and stability.
Property Features
Property Type: Multi Unit - Multiple
Home Style: Ranch
Lot Size: 0.14 Acres
Taxes: $875
Year Built: 1947
Units
Unit 1:
Bedroom(s): 1
Lease Terms: 12+
Level: Main
Rent: $1450.00
Square Footage: 538
Unit 2:
Lease Terms: 12+
Level: Main
Rent: $845.00
Square Footage: 200
Feature Descriptions
Days on Site: 4
Exterior: Paved Street, Accessory Dwelling
Interior: New Floor Coverings, New Paint
Lot Dimensions: 50x125
Units: 2
Local Schools
School District: 60
Listed By / Shown By
Listed By
Agency Name: Buy Smart Colorado
Agency Phone: (719)310-8464
Shown By
Agency Title: The Cutting Edge, Realtors
Agency Phone: (719) 999-5067
Estimate Your Payment
Estimated Payment
$ 1,063.70 per month $935.40 Principal & Interest $72.92 Property Tax $55.39 Homeowner's Insurance
1516 E Routt Ave | MLS# 237268
This multi-family property located at 1516 E Routt Ave, Pueblo, CO 81004 is currently listed for sale with an asking price of $189,900. E Routt Ave is located within the 60 school district. Search Pueblo real estate on www.thecuttingedgerealtors.com today.