Cimarron Square Pueblo, CO

Investment Highlights

• Significant Below-Market Rents with Immediate NOI Upside
• Individually Metered Utilities – Major Landlord Cost Saver
• Recent Capital Improvements Reducing CapEx Risk
• Value-Add Roadmap for Sustained Growth
• Flexibility of Individually Deeded Units – Enhanced Exit Strategy

Significant Below-Market Rents with Immediate NOI Upside

Long-term ownership and self-management have kept rents intentionally low, creating substantial potential for increases. Pueblo’s average 2-bedroom rents range from $1,100–$1,300/month and 3-bedroom averages around $1,275 and up. Bringing rents to market levels will deliver meaningful NOI growth in a market with steady demand for affordable housing. A conservative adjustment to comparables, combined with strong occupancy drivers, can meaningfully boost NOI.

Individually Metered Utilities – Major Landlord Cost Saver

All units are separately metered for both gas and electric, shifting consumption costs directly to tenants. This eliminates a key expense for the owner, reduces overall operating costs, improves net cash flow, and enhances predictability—benefits widely recognized in multifamily investments for boosting profitability, encouraging tenant conservation, and increasing property appeal without added landlord burden.

Recent Capital Improvements Reducing CapEx Risk

A brand-new membrane roof (2023) and resurfaced/restriped parking lot (last year) minimize near-term maintenance needs, preserve asset value, and support higher tenant satisfaction—freeing up capital for revenue-focused initiatives like rent optimization.

Amenities