1660 Moore Ave Pueblo, CO 81005

This exceptional investment opportunity presents an eight-unit apartment building located at 1660 Moore Avenue in Pueblo, Colorado. The property, built in 1960 and extensively renovated in 2024, boasts a total of 4,605 square feet situated on an 11,892 square foot lot. The building comprises one two-story structure, zoned R2, and features seven one-bedroom and one two-bedroom apartment units. Currently operating at 100% occupancy with long-term leases in place, the property generates a substantial net operating income (NOI) of $60,580, resulting in a compelling 7.62% capitalization rate. The average monthly rent is $896, ranging from $825 to $975, plus utilities, with a RUBS system in place. Recent improvements include a boiler replacement in 2021 and significant upgrades and remodeling to most units. The asking price is $795,000, translating to $99,375 per unit and $172.64 per square foot. This stabilized investment property offers a strong return and significant potential for future growth in the desirable Highland Park neighborhood. The property's APN is 1147865. This is a for sale by owner listing.