Listing Details
- MLS#: 5470650
- MLS Originator: REcolorado (Denver)
- Property Type: Residential
- Property Subtype: Multi-Family
- Status: Expired
- Price: $1,525,000
Property Details
- Bedrooms: 0
- Sqft: 8236.00
- Acres: 0.29
- Year Built: 1949
This is a rare opportunity to invest in a fully occupied and well-maintained multifamily property in Aurora, Colorado. The 2-story building contains 10 units with a diverse mix of floor plans including 1-studio, 1-1BR, 1-3BR, and 7-2BR apartments. The total square footage of the building is 8,236 SF. Each unit has its own furnace and individually metered through Xcel for Gas and Electric, providing individual control over heating and energy costs. The owner covers all other utilities and bills on a pass-through pro-rata basis, ensuring that all expenses are fairly allocated. Some renovations have taken place including updated kitchens and bathrooms in about half of the units, high-quality flooring, and an on-site coin-operated laundry room. Additionally, the building has a brand new roof with a transferable warranty, providing added value and peace of mind to the new owner. This property is located in a desirable up and coming area close to Fitzsimmons Medical Campus and amenities on Colfax. Aurora is a growing and vibrant city with easy access to public transportation, major highways, and downtown Denver. Investment Highlights: • Strong and stable rental history • Diverse unit mix appeals to a wide range of tenants • Excellent location with high demand for rental housing • On-site parking available • Opportunity for additional value-add improvements This is an outstanding opportunity for an investor to acquire a well-maintained and fully occupied multifamily property in Aurora, Colorado. With individual metering and control over heating and energy costs, this property offers a unique advantage over similar properties. Don't miss your chance to add this property to your investment portfolio. For more information on this property or to schedule a tour, please contact us today.
Load & Tax Information
- Previous Year Tax: $ 6,145
- Tax Year: 2022
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