671 Clarion Dr Pueblo West, CO 81007

Property Details for 671 Clarion Dr

Year built

2024

Property size

18,492 SF

Property type

Commercial real estate

APN

0507015061

Description

This exceptional Class A, 18-unit apartment building presents a compelling investment opportunity in the thriving Pueblo West, Colorado market. Completed in 2024, this new construction property boasts three buildings, each housing six units across a spacious 36,000 square foot lot. The complex features a mix of twelve 2-bedroom, 2-bathroom units and six 3-bedroom, 2-bathroom units, all designed with modern amenities including balconies or patios and covered parking for 17 vehicles, with additional uncovered spaces available. Accessible main-level units are also included. With a total of 18,492 square feet of net rentable space, the property commands a price of $237.94 per square foot and offers a compelling 6.50% cap rate, generating a net operating income (NOI) of $286,020. The property's strategic location less than a mile from downtown Pueblo West provides convenient access to a range of amenities, including a nearby upcoming Aquatic Center, major medical facilities, shopping, dining, and entertainment options. Its proximity to Lake Pueblo, a popular recreational destination attracting over two million visitors annually, further enhances its appeal. The R-5 zoning and ample parking (32 spaces) contribute to the property's overall value. This is an ideal investment for those seeking a strong, long-term hold in a rapidly growing area, with easy access to Pueblo, Canon City, and Colorado Springs. The asking price is $4,400,000, representing a price per unit of $244,444.44. The property's APN is 0507015061.