OFF MARKET OPPORTUNITY: 4-Plex Recently Remodeled and Furnished!

[Crisselda Clark]

Hello, I am looking to sell my 4-plex in Pueblo. It has been part of my portfolio for a few years and I have self managed, however my other business is demanding more of my time and I am a little bored with it. It has always stayed relatively booked, acted as a mid term rental for the traveling nurse market in Pueblo. Here is the info:

Unit 4- bottom unit 2 bed / 1 bath. $1,700-$1,850 per month

Unit 1- Second floor: 1 bed/ 1 bath. $1,350-$1,450 per month

Unit- 2- Second floor: 1 bed/ 1 bath (smallest unit) $1,200-$1,300 per month

Unit 3- Third floor: 2 bed/ 1 bath + office $1,450-$1,550 per month

Utilities range from $400-$600/ month

Internet is $100/month

Trash service $25/month

Coin op laundry room is onsite- $300-$300 annually 

Each unit is equipped with window ACs, 4k TVs, all the essentials for mid term stays, the laundry machines have been serviced recently and were purchased in 2021. We updated every single apartment. Internet is the strongest available, never had any tenants complain about connectivity.

- I can offer my introductory email template, my welcome guide, my remote check in instructions, and I would be willing to make some concessions on repairs. All furniture included in sale. The entry door is coded, the laundry door is key locked, and there are ring security cameras above the front door and the rear door. There is a fenced back yard with picnic table, and a sitting area on the porch. 

This building has never had anyone break into it or any bad experiences during my ownership. It is in an ideal location, close to both hospitals and the popular river walk. There are also two colleges in Pueblo, both within 10-15 min of this property. 

I would like to get around $480,000 without realtor fees, $510,000 with. Would be willing to negotiate on closing costs. Not really interested in wholesale deals unless you think you could get me more than what i'm asking for. 

There is room for add value, the basement contains an unrenovated studio unit FYI. I also considered making it a workout room or something similar to increase the desirability but never needed to since it was steady. 

The cons:

The windows are old but functional, it is a historic building so there are quirks here and there. The unit numbering layout is funky because they are metered separately and that's how they are set up with the utilities so we left it as is. The back door on the second level that exits to the fire escape needs to be addressed, fire escape should be looked at and shored up. 

Serious inquiries only, I can send the link for it online to see pics. Message me with questions, I will try to respond as fast as possible.