1023 Berkley Ave Pueblo CO 81004


MLS#: 181514

List Price $ 125,000

Area: South
Sub Area: Central High School
Attention Investors Seeking Multi-Family Investment Properties.1023 Berkley Avenue is an owner occupant style duplex located in the Minnequa neighborhood - just blocks from local 'mom and pop' restaurants and bars, Central High School, St. Mary Corwin Hospital and booming downtown Pueblo. Each unit is 2 bedrooms 1 bathroom. The main level is approximately 800 square feet and leased month-to-month for $600 per month. The upper level unit is approximately 650 square feet and leased month-to-month for $500 per month. There are separate meters for the electric and gas. Single meter for water. The source of heating for the main unit is forced air / natural gas. The source of heat for the upper unit is electric baseboard. There is a detached garage that is used to store the owner's belongings. The current measure of investment performance at the ask price of $125,000 and current rents include a GRM of 9.47 and a before taxes & w/o financing Cap Rate of 9.35%. If rents were increased to $800 on the main level and $600 on the upper level, the measure of investment performance would improve GRM to 7.44 and a Cap Rate of 12.2%. The seller had a professional inspection completed on 10/10/2019 and is willing to share the inspection report with prospective buyers to simplify the purchase process. Please do not disturb tenants. All showings are contingent upon an accepted offer. To learn more about this investment opportunity and others like it... CALL TODAY!
Bedroom
4

Bathrooms
2

Style
Two Story

Apx Year Built:
1903

Sq. Ft Source:
Court House

Zoning:
R-3

Lot Size:
4182

Taxes
456.00

Prior Tax Year
2018

Interior
New Floor Coverings, Smoke Detector

Exterior
Paved Street

Basement
Unfinished

Unit 1: 2 Bed: 2 Bath: F Sq Ft: 790 Rent: 600 Lease Term: MtM Appliances: True Condition: Fair
Unit 2: Bed: 2 Bath: F Sq Ft: 652 Rent: 500 Lease Term: MtM Appliances: True Condition: Fair Level: U
Rent: 
Listed By Resident Realty