43 Royal Crest Drive Pueblo, CO ^$ 610,000

43 Royal Crest Drive

^$ 610,000

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43 Royal Crest Drive

Pueblo, CO, 81005

^$ 610,000

Bedrooms8 Baths4.0 Sq 3,808

Monthly Estimate*

^$ 4,261

Listed by Cushman & Wakefield

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Multi-Family Home for sale in Pueblo, CO

for $610,000 with 8 bedrooms and 4 full baths. This 3,808 square foot home was built in 1979 on a lot size of 0.19.

8% In-Place Cap Rate. Also available for individual purchase. C&W is pleased to present the Royal Crest Apartments. This opportunity consists of (3) identically constructed quads in Pueblo, CO. This opportunity is primed for an investor looking to benefit from solid in-place returns as well as reap the reward of continuing to increase rents to market level. The properties offer spacious, townhome style 2-bedroom, 1 ½-bathroom apartment homes with private patios and off-street parking. The properties benefit from their close proximity to several employers including Wal-Mart, Starbucks, Verizon, Discount Tire and various dining & retail. Additionally, the properties are adjacent to nearby parks and suburban neighborhoods such as Kaden C Burger Sports Complex, Pueblo South Football Field & Lehigh Park. Royal Crest Apartments are perfectly positioned to capitalize on the limited supply and high rental demand in the Pueblo market. The attractiveness of these assets is magnified by the limited number of performing properties available in this market. Recent Renovations: Roughly 75% of the units at Royal Crest Apartments have undergone recent renovations. Updates include new LVP flooring and fresh paint throughout. Several units have received new bathroom vanities, tile tub surrounds and updated lighting. These improvements not only increase rental rates and tenant satisfaction but also contribute to the property’s long-term value. Turn-key Investment: Current management has positioned these properties with great in-place rents, immediate cash flow and predictable returns. Tenants are responsible for all utilities including water, sewer and trash affording the owner net-zero utility expense. Investors have the opportunity to take advantage of current management offering to stay in-place for a highly competitive fee of 5%.

Multi-Family Pending

Price

^$ 610,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,059

Style

Quadruplex

Lot Size

0.19

Year Built

1979

Town/City

Pueblo

County/Region

Pueblo

MLS | Web ID

5859256

Features

General

Sewer Public Sewer

Heating Baseboard

Cooling Evaporative Cooling

Roof Composition

Zoning R-4

Garage Spaces 0

Construction Materials Frame

Exclusions Tenant(s) personal property.

Year Built 1979

Tenant Pays Electricity Water

Levels Two

Property SubType Quadplex

Tax Year 2022

Percent Ownership Individual

County Pueblo

Property Type Residential Income

HOA / Comm Assn N

Attached Garage N

Contingency None Known

Subdivision Name Regency

Status Pending

High School South

City Pueblo

Buyer Agent Compensation 2

Senior Community Y/N N

High School District Pueblo City 60

Lot Size Square Feet 8246

Carport Spaces 0

Street Name Royal Crest

Listing Terms 1031 Exchange Cash Conventional

Elementary School Goodnight

Tax Annual Amount 2059

Middle/Junior High School Bessemer

Structure Type Quadruplex

Standard Status Pending

Occupancy Description Tenant

Middle/Junior School District Pueblo City 60

Elementary School District Pueblo City 60

Cap Rate 7.69

Buyer Agent Compensation Type %

Exterior

Parking Features Concrete

Water Source Public

Total Parking 8

Lot Size Area 8246

Building Area Total 3808

Lot Size Acres 0.19

Lot Size Units Square Feet

Interior

Common Walls No One Above

Basement (Y/N) N

Above Grade Finished Area 3808

Street Suffix Drive

Total Bedrooms 8

Total Baths 4

Internal Only

Street Number 1 43

* Excluded Features

List By

Cushman & Wakefield

Broker

(719) 238-9074

Phone

Affordability Calculator

$4,433

Per Month

Monthly Principal & Interest: $4,261
Monthly Property Taxes: $172
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Pueblo, CO

Average List Price ^$477,892

Percent of Sale Price 22%

About Pueblo, CO

110,876 Population

9% Since 2002

^$36,506 Median Income

38.03 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3317939 Elementary School

3683878 Middle School

South High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/28/2024	$610,000	-4.69%	Price Down
11/17/2023	$640,000	-2.29%	Price Down
11/2/2023	$655,000	-67.17%	Price Down
10/13/2023	$1,995,000		Listed Price

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43 Royal Crest Drive, Pueblo, CO, 81005 is a Multi-Family Home for sale at $610,000 with 3,808 sqft and a lot size of 0.19. 43 Royal Crest Drive has 8 bedrooms, 4.0 baths, and was built in 1979. The property's zip code is 81005 which is in Pueblo, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data eXchange (IDX) Program of the REcolorado. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/28/2024.

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43 Royal Crest Drive

Multi-Family Home for sale in Pueblo, CO

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