BEDS8
BATHS4
SQUARE FEET3,770
MLS#239143
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBelmont
SCHOOL60
Property Description
Turnkey, Cash-flowing 4-plex offering immediate day-one income with 100% occupancy and strong in-place rents. This is a rare opportunity to acquire a fully stabilized, high-yield multifamily asset requiring minimal management. Three out of the four units have been fully renovated, including all new full kitchens, plumbing updates, all new fixtures, new LVP flooring, fresh paint, new doors, all new stainless-steel appliances, AC units, recently roofed with all new under decking -permitted, Plus updated bathrooms. All four units are rented at $1,275 monthly with tenants paying for gas and electricity which creates an efficient, low-expensive operating structure. All tenants have been professionally screened and are in a 1-year lease. This wonderful property is also set up for passive ownership, with a maintenance person already in place, making it ideal for out-of-state or hands off investors. Investment Highlights are: 9.35% cap rate, 100% Occupied, Day-one-cash flow, remaining value opportunity (1unit). -Buy today -Cash Flow tomorrow -Own from anywhere!
Property Features
Property Type: Multi Unit - Multiple
Home Style: Two Story
Lot Size: 0.25 Acres
Taxes: $2,510
Year Built: 1969
Units
Unit 1:
Bedroom(s): 2
Garage: 2
Lease Terms: 12Mo
Level: Main
Rent: $1275.00
Square Footage: 970
Unit 2:
Bedroom(s): 2
Garage: 2
Lease Terms: 12Mo
Level: Main
Rent: $1275.00
Square Footage: 970
Unit 3:
Bedroom(s): 2
Garage: 2
Lease Terms: 12Mo
Level: Upper
Rent: $1275.00
Square Footage: 1015
Unit 4:
Bedroom(s): 2
Garage: 2
Lease Terms: 12Mo
Level: Upper
Rent: $1275.00
Square Footage: 1075
Feature Descriptions
Days on Site: 2
Interior: New Floor Coverings, New Paint, Ceiling Fan(s), Smoke Detector
Lot Dimensions: 95x120
Units: 4
Local Schools
School District: 60
Listed By / Shown By
Listed By
Agency Name: Picket Fence Real Estate, LLC
Agency Phone: (720)203-3656
Shown By
Agency Title: The Cutting Edge, Realtors
Agency Phone: (719) 999-5067
Estimate Your Payment
Estimated Payment
$ 3,260.83 per month $2,881.06 Principal & Interest $209.17 Property Tax $170.60 Homeowner's Insurance
5 Douglas Lane | MLS# 239143
This multi-family property located at 5 Douglas Lane, Pueblo, CO 81001 is currently listed for sale with an asking price of $584,900. Douglas Lane is located within the 60 school district. Search Pueblo real estate on www.thecuttingedgerealtors.com today.