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1817 West St | Pueblo, CO 81003
2004/2023
YEAR BUILT/
RENOVATED
36
UNITS
West Hill Apartments presents investors with the opportunity to purchase a turnkey, 2004 vintage asset in Colorado’s 9th largest city. Featuring 36 two-bedroom apartment homes with a variety of floorplans ranging from 750 to 1,068 square feet, West Hill Apartments provide spacious and updated residences that are convenient to retail, recreation, and entertainment. Over the past two years, current ownership has renovated 27 of 36 units offering differentiated product with little competition in the neighborhood. A new owner will have the opportunity to renovate the remaining 9-units to capitalize on proven rental premiums. West Hill’s renovated apartment homes offer high end finishes superior to other properties including stainless-steel appliances, vinyl plank flooring, and full-size washer/dryers. Additionally, the property is walking distance to Parkview Medical Center which is a non-profit hospital supporting over 2,200 jobs and is one of Pueblo’s largest employers. Pueblo’s revitalized downtown, combined with its elaborate river trail systems at the base of Colorado’s Rocky Mountains, provides residents with a true live-work-play lifestyle. West Hill is a unique and differentiated opportunity for an investor to acquire a one-of-a-kind asset in the historic gateway to the southwest.
The Opportunity
AMENITIES
Community Amenities
Garages for Rent
Off Street Parking
LOCATION
GALLERY
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Nick Steele
Managing Director
303.689.8306
nick.steele@berkadia.com
Mortgage Bankers:
Christopher Ellis
Senior Managing Director
303.689.8317
christopher.ellis@berkadia.com
Nate Moyer
Director
303.689.8320
nate.moyer@berkadia.com
Investment Advisors:
1331 17th Street
10th Floor
Denver, CO 80202
Phone: 303.689.8312
Fax: 303.689.8352
Denver Office
CONTACT Info
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Unit Amenities
Full-Size Washer/Dryer (32/36 Units)
Cable Ready
Built-In Microwaves
Central Heating & Air Conditioning
Walk-In Closets
Vanity Counter in Master Bath
Disposal
Frost-Free Refrigerators
Dishwasher
Luxury Vinyl Plank Flooring
Extra Large Bedrooms
Stainless Steel Appliances*
*In Select Units
Gareth Whitham
Financial Analyst
303.689.8345
gareth.whitham@berkadia.com
Annie Liston
Operations Director
303.689.8356
annie.liston@berkadia.com
Samuel Maldonado
Transaction Manager
303.607.9012
samuel.maldonado@berkadia.com
Rob Doxsee
Managing Director
425.777.0235
robert.doxsee@berkadia.com
Forced Air Heating
Domestic Hot Water Heaters
Condenser Units
Individually Metered
Individually Metered
Individually Metered
Mechanical Systems
Heating
Hot Water
Air Conditioning
Utility Billing Structure
Gas
Electric
Water/Sewer - Apartments (32 Units)
Third-Party
Parking
450
Open Surface Parking
1.63
Parking Ratio
90
Covered Carports
$45
Covered Carport Fee
Cable & Internet
Fees
Parking
$175
Admin Fee
$23
Application Fee
$250
Pet Deposit
$250
Pet Fee (one-time fee)
$35
Pet Rent
19 Garages at $90/mo
Reserved
1.89
Parking Ratio
36
2004
525126002, 525235001, 525235002, 525235003, 525126002
Garden-Style
2
5
37,176
2.09
Units
Year Built - Apartments (32 Units)
Parcel Number
Style
Stories
Buildings
Gross Leasable Area
Acreage
91,040
Land SF
Concrete
Foundation
Composite Shingle
Roof
Wood Frame
Construction
Carpet Luxury Vinyl Plank Flooring
Floor Covering
17.2
Density
Pueblo has been investing in revitalizing its downtown area, with projects such as the Historic Arkansas Riverwalk and the Pueblo Creative Corridor. Pueblo’s Riverwalk is a 32-acre urban waterfront park open to the public in the heart of downtown pueblo. With boat rides, green space, paddle-boarding, and outdoor events, Pueblo’s Riverwalk has already become a popular place for residents and visitors to spend their free time. Lining the riverwalk, guests can enjoy local retail, restaurants, and entertainment. This revitalization is expected to be the beginning of a full transformation of downtown Pueblo.
Downtown Revitalization
Unparalleled Access to
Major Employers
PROXIMITY TO PREMIER OUTDOORS AND RECREATION
AREA HIGHLIGHTS
Evraz Pueblo: Evraz Pueblo is a steel manufacturing plant and one of the largest employers in Pueblo. It provides jobs for over 2,700 workers and has a significant impact on the local economy.
Parkview Medical Center: West Hill sits just a half mile from Parkview Medical Center and is the closest for rent property to the hospital. Parkview Medical Center is a non-profit hospital that employs over 2,200 people in the Pueblo area. It is one of the top employers in the region and provides critical healthcare services to the community.
CS Wind: CS Wind is a global wind turbine tower manufacturing company with a plant in Pueblo that employs over 400 people. It is part of the renewable energy industry, which is growing in Colorado and around the world as evidenced by the recent groundbreaking on an expansion of the world’s largest wind turbine tower manufacturing plant. This plant that is anticipated to double production and bring an additional 850 jobs to Pueblo.
Colorado State University-Pueblo: CSU-Pueblo is a public university with over 3,000 students and 800 employees. It provides higher education opportunities and contributes to the intellectual and cultural life of the community. With 49% of freshman and 82% of all undergraduates living off campus, CSU-Pueblo provides steady demand for apartments in the area.
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Mineral Palace Park is just blocks away from West Hill and is known for its outdoor swimming pool, open air pavilion, flower gardens, and beautiful walking track. The 57-acre park also features a picturesque lake, historic bridge, and outdoor theater/performance shell.
The Historic Pueblo Riverwalk along the banks of the Arkansas River sits at the center of downtown Pueblo and offers 32-acres of urban waterfront. Along just over a mile of walkways, restaurants, bars, and shops can be found while residents and tourists enjoy boat tours, gondolas, canoes, kayaks, and paddle boards on the water. Open year round, the Riverwalk’s central location provides a convenient venue for all the festivals and entertainment Pueblo has to offer.
Lake Pueblo is located just west of the City of Pueblo and is one of the most visited state parks in Colorado with 3.5 million visitors in 2022. The park includes 10,000 acres, 60 miles of shoreline and offers two full-service marinas, fishing, hiking, camping, and swimming. Pueblo is home
Pueblo is home to 32 miles of bicycle and walking trails. Most notably along Fountain Creek (Just up the road from West Hill Apartments), and along the Arkansas River.
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1817 West Street | Pueblo, CO, 81003
PROPERTY INFORMATION
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1,033
AVG SF
1942
Year Built - 4-Plex:
Master Metered
Water/Sewer - 4-plex (4-units):