Four-Unit Residential
New
For Sale
$425,000
167 Bonnymede, Pueblo, CO 81001
Four separate units share water and trash service paid by the owner, while residents cover electricity and gas.
Property Size2,023 SF
Price / SF$210.08
Days on Market4
Property Features for 167 Bonnymede
General Information
Standard status
Active
Size
2,023 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Belmont
Utilities to Site
Yes
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,291
Building Details
Building Size
2,023 SF
Year Built
1970
Buildings
1
Listing Agency:
RE/MAX Of Pueblo Inc
Listed By:
Larry Turner · License #EA40004597
(719) 546-1717
Source:
Curtisryanrealestate
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 3:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Of Pueblo Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fourplex contains four residential units totaling 2,023 square feet. The property was built in 1970, and the units are described as being in fair condition.
Located in Pueblo’s Belmont area, the building has an operating expense arrangement in which the owner pays for water and trash; tenants are responsible for electric and gas service.
Located in Pueblo’s Belmont area, the building has an operating expense arrangement in which the owner pays for water and trash; tenants are responsible for electric and gas service.
Key Highlights
- Four residential units
- 2,023 square feet of building area
- Built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,559
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,180
$331.2K
Cap Rate 7%
$236,557
$236.6K
Cap Rate 9%
$183,989
$184.0K
Market Conditions
NOI Build-Up for 2,023 SF
Gross rent
$24.5K $12.12/SF
− Vacancy
−$863 −$0.43/SF
EGI
$23.7K $11.69/SF
− OpEx
−$7.1K −$3.51/SF
NOI
$16.6K $8.19/SF
Area
Pueblo, CO
Vacancy
3.52%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,180
Cap Rate 7%
$236,557
Cap Rate 9%
$183,989
Alternative Uses
Best Use
Multifamily LT 5
$236.6K
$207.0K – $276.0K
NOI $16,559 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$213.1K
$186.4K – $248.6K
NOI $14,915 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$421.6K
$368.9K – $491.8K
NOI $29,509 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 81001, CO
31,107
Population
13,651
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
32.0 sq mi
ZIP Area
972
Density / Sq Mi
$47,086
Median Household Income
$35,204
Median Earnings
$1,027
Median Rent
$208,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate units share water and trash service paid by the owner, while residents cover electricity and gas.
Where is this quadplex located?
The property is located at 167 Bonnymede Pueblo, CO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four residential units; 2,023 square feet of building area; Built in 1970
