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    1724 Spruce Street

    Pueblo, CO 81004
    • $950,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: 5918017
    UPDATED: 89 min ago
    $950,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Offered by A Better Way Realty.

    Description

    Assisted Living Residence: Formerly a convent for the church across the street, Eddie's House was opened in 2000 to serve the mentally ill population. This house boasts 14 bedrooms in 5100 square feet, and also leases two houses on the same block which serve as independent living for Veterans. All the residents are medicaid, as well as the independent living residents. The house has gone through several updates in the last four years under the new owner. Proformas show $224k NOI before debt service, with a recent application to increase the bed count to 16 has been submitted and verbally approved. This has the potential to increase the bottom line by $60k a year. Virtual Tour: https://my.matterport.com/show/?m=jESb4KmEMNs&mls=1

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    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The DeGrood Team | Brokers Guild are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2020 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.degroodteam.com/homes/105581915
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    1724 Spruce Street Pueblo, CO 81004

    • Price: $950,000
    • Status: Active
    • Updated: 89 min ago
    • ID#: 5918017
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    County:
    Pueblo
    Area:
    Pueblo
    Property Description
    Assisted Living Residence: Formerly a convent for the church across the street, Eddie's House was opened in 2000 to serve the mentally ill population. This house boasts 14 bedrooms in 5100 square feet, and also leases two houses on the same block which serve as independent living for Veterans. All the residents are medicaid, as well as the independent living residents. The house has gone through several updates in the last four years under the new owner. Proformas show $224k NOI before debt service, with a recent application to increase the bed count to 16 has been submitted and verbally approved. This has the potential to increase the bottom line by $60k a year. Virtual Tour: https://my.matterport.com/show/?m=jESb4KmEMNs&mls=1
    Exterior Features

    Covered Spaces 0

    Property Features

    Building Area Total 5100 Zoning R-3

    Listing courtesy of A Better Way Realty: MLS #5918017


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The DeGrood Team | Brokers Guild are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2020 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
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    The DeGrood Team | Brokers Guild
    7995 E Hampden Ave, Suite 100
    Denver CO, 80231
    Offered by A Better Way Realty.