1024 Oxford St Pueblo, CO 81005

Property Details for 1024 Oxford St

Lot size

1.23 lot acres

Property size

32,325 SF

Property type

Commercial real estate

Description

This exceptional multifamily investment opportunity encompasses three well-maintained apartment buildings totaling 35 units in Pueblo, Colorado. Located at 1024-1026 Oxford Street and 28 Amherst Avenue, this property boasts a desirable location with easy access to local amenities. The buildings, constructed in 1971, 1972, and 1985, feature a mix of 24 one-bedroom/one-bathroom and 11 two-bedroom/one-bathroom units. Significant recent capital improvements enhance the property's value and appeal, including new circulating pumps and hot water heaters (1026 Oxford), silicon-coated roofs (1024 Oxford), new gutters (1024 & 1026 Oxford), updated landscaping with pergolas, BBQ grills, and concrete pads, new sidewalks, and the replacement of all swamp coolers within the last year. Adding to the income stream are 23 carports and two garages. Twenty-four units offer private balconies, and each building includes community pergolas and grilling stations. Historically operated as a 55+ community (though not deed-restricted), this property enjoys a quiet and low-maintenance environment. The property sits on 1.23 acres and is zoned R-5. The current NOI is $238,985, with a pro-forma NOI of $268,228, resulting in a 7.03% cap rate and a pro-forma cap rate of 7.89%. The asking price is $3,400,000, representing a price per unit of $97,143 and a price per square foot of $105.18 for the total 32,325 square feet. This is a strong performing asset with significant upside potential.