37 Royal Crest Drive

Pueblo, CO 81005

$610,000
Price
8
Beds
8
Baths
3,808 Sq. Ft.
$160 / Sq. Ft.
3,808
Sq. Ft.
$160
per Sq. Ft.

Description

8% In-Place Cap Rate. Also available for individual purchase. C&W is pleased to present the Royal Crest Apartments. This opportunity consists of (3) identically constructed quads in Pueblo, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. The properties offer spacious, townhome style 2-bedroom, 1 ½-bathroom apartment homes with private patios and off-street parking. The properties...8% In-Place Cap Rate. Also available for individual purchase. C&W is pleased to present the Royal Crest Apartments. This opportunity consists of (3) identically constructed quads in Pueblo, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. The properties offer spacious, townhome style 2-bedroom, 1 ½-bathroom apartment homes with private patios and off-street parking. The properties benefit from their close proximity to several employers including Wal-Mart, Starbucks, Verizon, Discount Tire and various dining & retail. Additionally, the properties are adjacent to nearby parks and suburban neighborhoods such as Kaden C Burger Sports Complex, Pueblo South Football Field & Lehigh Park. Royal Crest Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Pueblo market. The attractiveness of these assets is magnified by the limited number of performing properties available in this market. Recent Renovations: Roughly 75% of the units at Royal Crest Apartments have undergone recent renovations. Updates include new LVP flooring and fresh paint throughout. Several units have received new bathroom vanities, tile tub surrounds and updated lighting. These improvements not only increase rental rates and tenant satisfaction but also contribute to the property’s long-term value. Turn-key Investment: Current management has positioned these properties with great in-place rents, immediate cash flow and predictable returns. Tenants are responsible for all utilities including water, sewer and trash affording the owner net-zero utility expense. Investors have the opportunity to take advantage of current management offering to stay in-place for a highly competitive fee of 5%.
  1. Listed by Nic Polaski • Cushman & Wakefield • Nic.Polaski@cushwake.com,719-238-9074

Property Details for 37 Royal Crest Drive

Structure Type
Quadruplex
Levels
Two
Stories
2
Subdivision Name
Regency
Association
No
Basement
No

Location

Listing Courtesy of Cushman & Wakefield, Nic Polaski
Add your commute
LISTING UPDATED: 04/02/2024 10:54 AM

Property Details for 37 Royal Crest Drive

StatusPending
MLS #7525045
Days on Compass34
Taxes$1,623 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1979
Lot Size-
CountyPueblo County

Location

Listing Courtesy of Cushman & Wakefield, Nic Polaski
Add your commute

Building Information for 37 Royal Crest Drive

Stories-Residences-Year Built1979Building Size-Lot Size-

Payment Calculator

$3,464 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,329

Property Taxes

$135

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 37 Royal Crest Drive

Interior Area & SqFt
Interior Area & SqFt
  • Building Area Total (SqFt Total): 3808
  • Sqft Total: 3808
  • Living Area (SqFt Finished): 3808
  • Above Grade Finished Area: 3808
  • Living SqFt: 3808
  • Area Source: Public Records
  • PSF Total: 160
  • PSF Above Grade: 160
  • PSF Finished: 160
  • Master on Main: No
  • Heating: Baseboard
  • Cooling: Evaporative Cooling
Bed & Bath Summary
Bedrooms
  • Bedrooms Total: 8
Bathrooms
  • Bathrooms Total: 8
Unit Information
Unit 1
  • Unit Type: 2 Bedroom
  • Units Total: 4
  • Unit Average Rent: $1,235.00
  • Unit Average Sq Ft: 975
  • Beds Total: 2
  • Baths Total: 2
Parking
Parking
  • Attached Garage: No
  • Parking Type: Off-Street
  • Parking Description: Off-Street-8
  • Parking Details: 8
  • Parking Total: 1
  • Garage Spaces: 0
  • Offstreet Spaces: 8
  • Parking Count: 8
  • Carport Spaces: 0
  • Reserved Spaces: 0
  • RV Spaces: 0
Association Information
Association Information
  • Association Fee Total Annual: $0
  • Senior Community: No
Site & Location Information
School Information
  • Elementary School: Goodnight
  • Elementary School District: Pueblo City 60
  • Middle Or Junior School: Bessemer
  • Middle Or Junior School District: Pueblo City 60
  • High School: South
  • High School District: Pueblo City 60
Site & Location Information
  • Zoning: R-4
  • Property Exclusions: none
Building Information
Outbuildings
  • Out Building Count: 0
  • Horse: No
Building Information
  • Construction Materials: Frame
  • Roof: Composition
  • Common Walls: No One Above
  • Livable Structure Count: 0
  • Unit Count: 1
Water & Utilities
Water & Utilities
  • Water Source: City Sewer, Public Sewer
  • Sewer: Public Sewer

Property History for 37 Royal Crest Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 37 Royal Crest Drive

Taxable ValueLand$2,010Additions$25,870Total$27,880
Tax Record2023$2,393 ($199 / month)
Home Facts
Total Finished SqFt3,808 SqFtAbove Grade Finished SqFt3,808 SqFtStories2Lot Size8,233 SqFtStyleMulti-Family Dwelling (2-4)Year Built1979ZoningR4:RES/MULTI-CountyPUEBLOAPN1509117016

Schools near 37 Royal Crest Drive

This home is within Pueblo City 60 School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Goodnight Elementary School
PublicPK to 8

Pueblo Academy of Arts
Public6 to 8

South High School
Public9 to 12

Paragon Learning Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cushman & Wakefield, Nic Polaski

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