401 Broadway Penrose, CO
$ 429,750
Property Attributes
  • MLS#190955
  • TypeMulti-Family
  • CountyFREMONT
  • CityPenrose
  • AreaOutlying
  • NeighborhoodWest of Pueblo County
  • Zip81240
  • StyleTwo Story
  • Year Built1909
  • Taxes1828
  • Price$ 429,750
  • Bedrooms9
  • Full Bathrooms3
  • Half Bathrooms1
  • Sqr Footage5364
  • Lot Size10,498 SqFt
Listing Provided Courtesy Of:
Keller Williams Performance Realty
Property Description

Well cared for and maintained income producing property with 4 residential units and 2 commercial units, located in Downtown Penrose Colorado. Storage shed on the backside of the lot for owner/landlords use and a total of 12 parking spaces around the building. The 2 commercial units on the first level facing Broadway, 1 residential unit on main floor has covered patio area and open space for play area and outdoor leisure. 3 residential units on top level, one boasting a large outdoor balcony. The common area between the 3 residential units on the top floor has a coin operated washer and dryer and there is an Laundry Mat located across the street from the building. Fire escape at the rear of the building for the top units that is up to code. Total gross income including coin operated laundry is $47,160 producing a nearly 11% gross Cap Rate with current rents. Easy access off of HWY 115 to Broadway. Less than a 45 Minute drive to Colorado Springs and Pueblo. About 15 minute drive to Canon City and Florence. Must have a Proof of Funds or Pre-Approval Letter from Lender to view. Must have an Appointment to View.

Price History
12/12/2020 Listed $429,750

General Features

Exterior Features Paved Street, Shed
Interior Features None, New Floor Coverings
Style Two Story
Sub Area West of Pueblo County


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 81240

AVG $430K
AVG $1,828
AVG 17
Year Built
AVG 1909
AVG 22
Data Provided by Walkscore ® not using MLS data

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