311 24Th StPueblo, CO 81003

This stabilized, multi-tenant office building presents a compelling investment opportunity in Pueblo, Colorado. Boasting a 13% cap rate and a strong NOI of $57,600, this 3,820 square foot property is situated on a 0.28-acre lot at 311 W 24th St, 81003, offering convenient access to I-25 and the city's business center. The building, constructed in 1956 and renovated in 1990, features nine units across one story, currently housing four tenants with 100% occupancy under gross leases. The property includes 13 parking spaces and recently underwent improvements, including resealing and painting the parking lot and updating/replacing HVAC systems. The building is classified as Class B and zoned B-4. The asking price is $440,000, translating to $24 per square foot. This is a turnkey investment with two long-term tenants and on-site property management. The property's strong performance and prime location make it an ideal addition to any commercial real estate portfolio. The property features a total of 3,820 square feet of net rentable space. No rent bumps are anticipated.