81 Castle Royal Drive , #87

Description

Castle Royal Townhomes presents an exceptional opportunity to acquire a well-maintained and extensively renovated four-unit townhome community located in Pueblo, Colorado. Constructed in 1980 and encompassing approximately 3,808 square feet, the property consists entirely of spacious two-bedroom, one-and-a-half-bathroom townhome-style residences that appeal to a broad tenant base seeking privacy, functional layouts, and outdoor living space. Ownership has completed significant capital improvements throughout the property, with three of the four units undergoing comprehensive interior renovations in 2026. Recent upgrades include new flooring, fresh interior paint, updated bathrooms, new swamp coolers serving all four units, a new roof, new double-pane vinyl windows, and fresh exterior paint. These improvements position the asset as a low-maintenance investment with limited near-term capital expenditure requirements. Each townhome offers desirable features uncommon in many multifamily properties, including private fenced patio areas, individual washer and dryer hookups, and ample off-street parking. Situated on a large lot, the property provides generous parking capacity for residents with multiple vehicles, enhancing tenant convenience and long-term retention. The investment benefits from a straightforward utility structure, with tenants responsible for their own electricity while ownership pays water, sewer, and trash. Combined with the property's strong physical condition, townhome-style configuration, and recent renovations, Castle Royal Townhomes offers investors a stable, turnkey asset in one of Southern Colorado's established rental markets.