334 S Archdale Drive

Description

Pueblo West Apartments represents the opportunity to acquire and capitalize on a nicely improved, stable, and well performing rental community in the expanding Pueblo West residential neighborhood. In addition to multiple capital improvements to the property, many of the units have been updated leaving the next owner the opportunity to benefit and continue to obtain upside with continued modest interior improvements as units roll over in the coming years. The units offer nicely sized closet space in each bedroom, individual residential hot water tanks, and forced air for heating and cooling the units. For resident convenience there is a laundry room located on property which contains 2 sets of brand new washers and dryers. The immediate neighborhood consists of an assisted living facility directly to the East along with other small rental communities as well as being surrounded by single family residential homes and undeveloped land. Retail and convenience services are located slightly NW of the property at the intersection of HWY 50 and Purcell Blvd. The community is in close proximity to Pueblo Reservoir, The Lake Pueblo State Park, Pueblo Zoo and a quick 15-20 minute drive to the heart of Pueblo. Pueblo West is a community of roughly 35,000 residents and 12,000 households in a rural atmosphere situated near the Intersection of State HWY 50 and I-25 which allows for residents to quickly reach the amenities of Colorado Springs and the joys of the Colorado Rocky Mountains. The asset is well positioned to allow for new ownership to take advantage of lower maintenance expenses as a result of the many capital improvement projects as well as incorporating a lower management expense to increase Net Income immediately. The community is in close proximity to Pueblo Reservoir, Pueblo Zoo and a quick 15-20 minute drive to the heart of Pueblo