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Listed by Benjamin Kennedy SRES The Platinum Group
$595,000
Est. payment /mo
0.33 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4927137
Construction Status Existing
Year Built 1980
Annual Tax Amount $2,353
Tax Year 2025
Lot Size 0.328 Acres
Acres 0.3284
Property Sub-Type Fourplex
Source Pikes Peak REALTOR® Services
Property Description
Castle Royal Townhomes presents an exceptional opportunity to acquire a well-maintained and extensively renovated four-unit townhome community located in Pueblo, Colorado. Constructed in 1980 and encompassing approximately 3,808 square feet, the property consists entirely of spacious two-bedroom, one-and-a-half-bathroom townhome-style residences that appeal to a broad tenant base seeking privacy, functional layouts, and outdoor living space. Ownership has completed significant capital improvements throughout the property, with three of the four units undergoing comprehensive interior renovations in 2026. Recent upgrades include new flooring, fresh interior paint, updated bathrooms, new swamp coolers serving all four units, a new roof, new double-pane vinyl windows, and fresh exterior paint. These improvements position the asset as a low-maintenance investment with limited near-term capital expenditure requirements. Each townhome offers desirable features uncommon in many multifamily properties, including private fenced patio areas, individual washer and dryer hookups, and ample off-street parking. Situated on a large lot, the property provides generous parking capacity for residents with multiple vehicles, enhancing tenant convenience and long-term retention. The investment benefits from a straightforward utility structure, with tenants responsible for their own electricity while ownership pays water, sewer, and trash. Combined with the property's strong physical condition, townhome-style configuration, and recent renovations, Castle Royal Townhomes offers investors a stable, turnkey asset in one of Southern Colorado's established rental markets.
Location
State CO
County Pueblo
Interior
Heating Baseboard
Cooling Evaporative Cooling
Furnishings Existing
Appliance Dishwasher, Oven, Refrigerator
Laundry Electric Hook-up
Exterior
Utilities Available Electricity Connected
Building
Sewer Sewer
Water Municipal
Construction Status Existing
Schools
School District Pueblo-60
Others
Tax ID 1509115001
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
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