49 Royal Crest Drive
49 Royal Crest Drive
$610,000
8
8
3,808
3,808
$160
Pending
Description
8% In-Place Cap Rate. Available as a single 4 unit purchase or to purchase alongside 37 & 43 Royal Crest Drive. 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...8% In-Place Cap Rate. Available as a single 4 unit purchase or to purchase alongside 37 & 43 Royal Crest Drive. 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%.
- Listed by Nic Polaski • Cushman & Wakefield • Nic.Polaski@cushwake.com,719-238-9074
Property Details for 49 Royal Crest Drive
Structure Type
Quadruplex
LevelsTwo
Stories2
Subdivision NameBeulah
AssociationNo
BasementNo
Location
LISTING UPDATED: 04/02/2024 10:55 AM
Property Details for 49 Royal Crest Drive
Status | Pending |
---|---|
MLS # | 9031577 |
Days on Compass | 36 |
Taxes | $1,623 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1980 |
Lot Size | - |
County | Pueblo County |
Location
Building Information for 49 Royal Crest Drive
Stories-Residences-Year Built1980Building Size-Lot Size-
Payment Calculator
$3,464 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 49 Royal Crest Drive
Property History for 49 Royal Crest Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 49 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 Built1980ZoningR4:RES/MULTI-CountyPUEBLOAPN1509117014
Schools near 49 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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