Map
Listed price in listed location currency (USD).
$650,000

003

MLS® 9910198

Overview

Key Facts

Type Multi Family
Levels Commercial Sale
Size 2800 sqft
Garage 
Taxes $4,215
Days Active 16
Lot Size 0.15 Acres
Approx. Age 1957
Avg. Price Per Sqft $232
MLS® Number 9910198

Property Address: 1690 Akron Street, Aurora, CO, 80010

Average square foot calculated using Size range provided by listing agent.

Description

Five-unit apartment building on a 6, 350 sq ft corner lot in Original Aurora, two blocks north of East Colfax. Built in 1957, the building offers three 1-bedroom and two 2-bedroom units plus 3 off-street parking spaces. In-place rents total $76, 800 per year for an estimated NOI of $47, 764, a 7.35% cap rate at list price. Bringing rents to market supports a pro forma NOI of about $55, 174 (8.49% cap). Owner pays water and sewer. Small enough for an individual investor to self-manage, large enough to qualify as commercial multifamily. Minutes to the Anschutz Medical Campus and Fitzsimons, Stanley Marketplace, I-225 and downtown Denver, with bus service on East Colfax. Offering memorandum and rent roll available to qualified buyers. Tours by appointment only; please do not disturb tenants. Buyer to verify all information, including square footage, zoning, income and expenses.
MLS® Number9910198
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1957
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

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