417 N Santa Fe AVE #419 Pueblo, CO 81003

The Granada Apartments is a unique opportunity to own 17-apartment units and 2 retail spaces located right in the heart of downtown Pueblo. Not many retail/apartment building combos in Pueblo and you cannot beat the location as the property is walking distance from some Pueblo’s hottest attractions: the Riverwalk, Brues Alehouse, Angelo’s Pizza Parlor, The Pueblo Convention Center, the Sangre de Cristo Arts & Conference Center, and some of the best restaurants and food you can find in southern Colorado. Built in 1900, the property is an original Thatcher building rich with Pueblo history that was once a hotel before being converted into the apartment building it operates as today. The apartment unit mix consists of 13-Studios and 4-1Bed units that sit above 2 retail spaces. The retail tenants are the Warrior Gym, an MMA training gym that just started a new 3-year-lease in September, and Cloud 9 Hookah Lounge, a popular after-hours spot just blocks from some of Pueblo’s best bars and breweries – check out their reviews online. Value add opportunity to stabilize a historical building, clean up the units, and increase rents. All apartment tenants are on month-to-month leases. Proforma CAP Rate of 11.30%. Newer roof.