When you're exploring the possibilities of investment property for sale in Pueblo, CO, seek guidance from Meagan Kroeze, a RE/MAX realtor. Meagan started her career in 2013 by purchasing residential investment properties to fix up, flip, and sell to families seeking the perfect home in this fast-growing area. With her passion for residential real estate investment, she's ready to help you start your own portfolio with extensive local market knowledge and a strong commitment to this close knit community.
Pueblo Market Analysis
Investment property in Pueblo, CO, has traditionally offered generous returns. In June 2019, fast rising prices made this enclave near Colorado Springs one of the nation's hottest real estate markets. As prices begin to level off and even potentially decline in the second half of 2020, investors can break into this desirable market.
What's more, the higher median home prices in Pueblo compared to just a few years ago will lead to an increased demand for high quality rental housing, creating vast opportunity for residential landlords who own condos, single family homes and multifamily properties in the area. With a median rental price of $1,020 compared to the state median of $2,000, Pueblo provides a respite for those who have been priced out of other cities.
Neighborhoods to Consider
When shopping for investment property for sale in Pueblo, CO, consider areas that are ripe for a rise in housing prices as new residents arrive from higher cost-of-living areas like Denver and Colorado Springs. The most affordable neighborhoods in the metro area currently include Beulah Valley, which includes the 60 miles of shoreline and nearly 10,000 acres of protected land at Lake Pueblo State Park.
The median Beulah Valley rental price is $1,500 a month, and most of the inventory consists of single family homes constructed after 2000 with between three and five bedrooms. Because most of the homes here are owner occupied, investors who plan to rent out their properties can take advantage of a significant market share in this niche. Investors will also find promising residential rental or resale properties in central Pueblo just east of the state park, as well as slightly further north in the Eden and Bragdon neighborhoods.
If you're interested in investment property in Pueblo, CO, let Meagan Kroeze help you navigate this hot market for potential entrepreneurs. Contact her today to tour a diverse selection of investment properties in and around the popular Pueblo area. You'll see why savvy real estate firms have long considered the city a hidden gem.