SELECT Real Estate LLC
Listed by SELECT Real Estate LLC
$750,000
Springmont Homes
Details
APN 05-070-16-024
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,642
Units 4
Cap Rate 4.92%
NOI $36,866
Occupancy 75%
Pro-Forma Cap Rate 4.92%
Pro-Forma NOI $36,866
Price per SqFt $206
Broker Co-Op Yes
Year Built 2025
Year Renovated N/A
Buildings 1
Stories 2
Acreage 0.295
Zoning R-5
Parking Spaces 6 spaces
Parking Per SqFt 1.65
Investment Type Stabilized
Occupancy Date 03/16/2026
Ground Lease No
Ownership New Legacy Ventures, LLC
Multifamily | 4 Units | $187,500/unit
Marketing description
New construction in quiet Pueblo West, CO, containing four attractive 2 bedroom, 1.5 bathroom units each with approximately 910 square feet. HVAC is with mini-split units 180 degree mountain views. Units have fire sprinklers for added safety. Floors are durable easy to clean LVP. Convenient to shopping and restaurants in Pueblo /West and Highway 50 for a short drive to Pueblo. As we don't have an operations history, the NOI is projected based on experience. Property has separate electric meters and no gas meters. The property is in the initial rent-up stage and the 4th unit should be rented by mid to late April, 2026.
Investment highlights
New Construction
Close to Shopping and Restaurants
Short drive to Pueblo
Upside as rents adjust upward to market rents
Listing Contacts
SELECT Real Estate LLC
Listed by SELECT Real Estate LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,866.00
$3,072.17/mo
Valuation Metrics
0
DSCR
4.92%
Cap Rate
4.92%
ROI
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