1936 Vinewood Ln Pueblo, CO 81005

This exceptional investment opportunity presents a portfolio of three apartment buildings totaling 36 units situated in Pueblo, Colorado. The properties, located at 1936 & 2018 Vinewood Lane and 1691 Moore Avenue, comprise three 12-unit buildings, featuring a mix of one- and two-bedroom units. Built in 1972, these Class C properties boast a combined 31,176 square feet and sit on a 0.94-acre lot, zoned R-5. The portfolio benefits from significant recent capital improvements, including new boilers, sewer lines, exterior paint, gutters, mansards, entry doors with electronic codes, and updated interior finishes in over 60% of the units. These renovations, encompassing new LVT entryways, AC units, appliances, flooring, carpet, and LVT in renovated units, provide a proven value-add strategy for future owners. The current NOI is $235,120, with a pro-forma NOI of $266,516, yielding a 7.58% cap rate and a pro-forma cap rate of 8.60%. Offered at $3,100,000, this represents a compelling price per unit of $86,111.11 and a price per square foot of $99.44. This portfolio offers a strong current return with significant upside potential through continued unit renovations. The properties are well-maintained and present a rare opportunity to acquire a substantial multifamily asset in a growing market.