2026 Carlee Dr Pueblo, CO 81005

This exceptional 60-unit apartment complex in Pueblo, Colorado presents a compelling investment opportunity. Priced at $6,000,000, this Class C multifamily property boasts 45,866 square feet across two, two-story buildings situated on a generous 3.8-acre lot. The property includes 30 one-bedroom/one-bathroom units and 30 two-bedroom/one-bathroom units, along with an on-site manager's house and workshop. Built in 1978 and zoned R-4, Briarwood Apartments benefits from significant recent upgrades, including new windows, a comprehensive security system with cameras, and renovated community areas featuring a basketball court, grills, pergolas, and a playground. Over 80% of the units have been upgraded since July 2015. Further improvements encompass new roofs, landscaping, irrigation, a new fence, and parking lot resurfacing. The property also features an assumable loan at a 3.4% interest rate with interest-only payments until October 1, 2025, for a principal amount of $2,500,000, extending for another 6.5 years. The current Net Operating Income (NOI) is $369,803, with a pro-forma NOI of $431,551, resulting in a current cap rate of 6.16% and a pro-forma cap rate of 7.19%. The property's location at 2026 Carlee Dr, Pueblo, CO 81005, offers convenient access to Briarwood Park. This is a turnkey investment with strong potential for future growth and immediate cash flow. The price per unit is $100,000.