Paul Nora 3039629575
Jamie Mitchell 3039629555

1427 E Evans Ave 11 Unit Apartment Building $900,000 ($81,818/Unit) 7.03% Cap Rate Pueblo, CO 81004

INVESTMENT HIGHLIGHTS

6 of 11 units newly updated
Under $82,000 per Door

Value Add Opportunity with Existing Cash Flow
7+ Current Cap Rates; Can get to 9+ Cap Rate on Pro-formas

EXECUTIVE SUMMARY

Located in the Bessemer neighborhood of Pueblo, Colorado, the subject
property is an 11-unit value-add multifamily opportunity. This property is situated
in a stable up-and-coming neighborhood that enjoys Lake Minnequa just minutes
away to the southwest. The current owner has upgraded four of the units with a
fifth underway. Substantial room left to continue to push rents to market. Unit mix
includes one 2Br/1Ba, nine 1Br/1Ba units, and one studio. The property offers
ample parking in the back with access through the alley, as well as ample street
parking in the front.

1427-1431e_Evans_Avenue

PROPERTY FACTS

Price	$900,000	Apartment Style	Low-Rise
Price Per Unit	$81,818	Building Class	C
Sale Type	Investment	Lot Size	0.27 AC
Cap Rate	7.03%	Building Size	8,382 SF
No. Units	11	No. Stories	2
Property Type	Multifamily	Year Built	1920
Property Subtype	Apartment	Parking Ratio	1.67/1,000 SF
Zoning	B4

Price	$900,000
Price Per Unit	$81,818
Sale Type	Investment
Cap Rate	7.03%
No. Units	11
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.27 AC
Building Size	8,382 SF
No. Stories	2
Year Built	1920
Parking Ratio	1.67/1,000 SF
Zoning	B4