Overview
- Commercial Sale
- 8236
- 1949
Description
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 & 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 & 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.
Address
Open on Google Maps- Address 1350 Kingston Street
- City Aurora
- State/county CO
- Zip/Postal Code 80010
- Country United States
Details
Updated on February 1, 2024 at 7:13 pm- Property ID: AMR27164793
- Price: $1,550,000
- Property Size: 8236 Sqft
- Land Area: 0.29 lot_area_unit
- Year Built: 1949
- Property Type: Commercial Sale
- Property Status: For Sale
- MLS#: REC5470650
- Office Name: BANYAN REAL ESTATE LLC
- Agent Name: Jon R Roberts
- MLS Status: Active
Additional details
- List Office MLSID: RECBAN01
- List Agent MLSID: REC024802
- List Date: 2023-12-18T22:53:02.000Z
- Roof: Composition
- Sewer: Public Sewer
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