3501 Baltimore, Pueblo, CO 81008

Property Description

Cushman & Wakefield is pleased to present 3501 Baltimore Ave, Pueblo, CO 81008, a quadruplex located just off HWY 50 in Northwest 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. Located in the Mesa Junction submarket of Pueblo, 3501 Baltimore Ave is comprised of 4 units and includes a spacious mix of 2-bedroom and 1-bathroom apartments homes with recent renovations and plenty of off-street parking. The property's strategic location near the Northside District and nearby HWY 50 with countless dining and retail options, further enhance its appeal. Additionally, the adjacency to nearby parks and suburban amenities throughout Skyview including Pueblo Country Club, Fairmount Park, and the newly constructed Centennial High School allows new coming residents to feel right at home. 3501 Baltimore Ave is perfectly positioned to capitalize on the high rental demand in the Pueblo market. With recent interior improvements to all units, fresh exterior paint and plenty of other capex improvements, this property is set to offer a prime investment. The allure of this asset is further amplified by the opportunity to enhance operational efficiency through increased rental income, as well as the limited number of performing properties currently available in the market. Additional property information: Gas and electric are individually metered and paid directly by tenants. All units feature in-unit washer/dryer hookups and in-unit air conditioning. Current rents and lease expirations are as follows: Unit 1 - $1,045 + $95, lease expires 5/20/2027; Unit 2 - $1,075 + $95, lease expires 11/30/2026; Unit 3 - $1,050 + $95, lease expires 3/5/2027; Unit 4 - $995 + $95, lease expires 8/31/2027.