1822 N Grand Ave, Pueblo, CO 81003

Attention Investors Seeking Multi-Family Investment Properties. 1822-1824 N Grand Avenue is an owner-occupant style duplex situated on a corner lot in the Historic North Side Avenues neighborhood - just blocks from Mineral Palace Park, Parkview Hospital and booming downtown Pueblo. Each unit is 1bed 1bath and measures apx 859 square feet. The current tenants are month to month and pay only $475 each. There are separate meters for gas and electric. One meter for water. The current measure of investment performance at the ask price of $145,000 and rents at $475 per side include a GRM of 12.72 and a Cap Rate of 5.97%. If rents were increased to market rate of $750 per side, investment performance would improve GRM to 8.1 and Cap Rate to 10.5% (before taxes without financing). In general, great things are taking place in Pueblo and the demand and desirability to be in the North Side Avenues is at an all time high. This is truly a spectacular investment opportunity. Do not let your chance to own this duplex pass you by...Call Today!