Briarwood Apartments

Discover the allure of Briarwood Apartments located in the vibrant community of Pueblo, CO! This prime location offers convenient access to a host of enticing amenities, with nearby destinations like Pueblo Mall and the charming eateries and boutiques along Northern Avenue. For outdoor enthusiasts, the property's close proximity to the serene walking trails of Runyon Lake and the family-friendly nature of Mineral Palace Park make it an ideal location for multifamily and low-rise/garden investors seeking a desirable and well-connected community. Whether it's the historical charm of the Pueblo Union Depot or the recreational opportunities at City Park, this area provides a captivating backdrop for your next investment venture.60 Units (30 - 1Br/1Ba, 30 - 2Br/1Ba) plus an on-site manager house and workshop. Briarwood Apartments was built in 1978 and sits on a large 3.8 acre lot that backs up to Briarwood Park. Community amenities include a basketball court, outdoor grill stations and pergolas and a playground. The property has seen substantial upgrades over the years including new windows, security system and cameras, 80%+ of the units have been upgraded during current ownership (July of 2015), and outdoor community areas have been upgraded as well. This property has an assumable loan at 3.4% for another 6.5 years with interest only payments until October 1, 2025. The loan amount is $2,500,000.