BEDS3
BATHS5
SQUARE FEET2,604
MLS#240321
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMinnequa Area
SCHOOL60
Property Description
Turnkey investment opportunity with strong in place income. This remodeled four unit multifamily property is currently generating 4,869 per month in rental income equating to over 58k in annual gross income providing investors with immediate cash flow from day one. The property features a diverse unit mix consisting of two studio units, one 1 bed/1 bath and one 2 bed/2 bath unit, offering broad tenant appeal and helping reduce vacancy risk. Recent updates throughout the units include new floor coverings, fresh interior paint, updated appliances, and attractive white cabinetry, minimizing near-term capital expenditures. Gas service is separately metered, while the owner currently pays water, electric, and trash. The combination of updated interiors, established rental income, and a desirable unit mix makes this an excellent addition to any investment portfolio. Conveniently located near shopping, dining, employment centers, and major transportation routes, this fully leased property offers both immediate income and long term investment potential. Opportunities to acquire a renovated, income producing fourplex at this price point are becoming increasingly difficult to find.
Property Features
Property Type: Multi Unit - Multiple
Home Style: Three+ Story
Lot Size: 0.13 Acres
Taxes: $1,460
Year Built: 1903
Units
Unit 1:
Lease Terms: 12+
Level: Main
Rent: $1050.00
Unit 2:
Lease Terms: 12+
Level: Main
Rent: $1043.00
Unit 3:
Bedroom(s): 1
Lease Terms: 12+
Level: Upper
Rent: $1311.00
Unit 4:
Bedroom(s): 2
Lease Terms: 12+
Level: Upper
Rent: $1465.00
Feature Descriptions
Exterior: Paved Street
Interior: New Floor Coverings, New Paint, Hardwood Floors
Lot Dimensions: 50x116
Units: 4
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
$ 2,206.02 per month $1,967.83 Principal & Interest $121.67 Property Tax $116.52 Homeowner's Insurance
608 Baystate Ave | MLS# 240321
This multi-family property located at 608 Baystate Ave, Pueblo, CO 81004 is currently listed for sale with an asking price of $399,500. Baystate Ave is located within the 60 school district. Search Pueblo real estate on www.thecuttingedgerealtors.com today.