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$ 900,000
Est. payment /mo
New
1530 Beeler ST Aurora, CO 80010
0.29 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4753469
HOA Y/N No
Year Built 1951
Lot Size 0.292 Acres
Acres 0.29
Property Sub-Type Multi Family
Property Description
Nine-unit, single-story apartment building on a 0.29-acre lot in Original Aurora, just north of East Colfax. Built in 1951, the building offers three studios and six 1-bedroom units with an open parking lot, and a garden layout with no interior stairs, elevators or common corridors. The current rent roll totals $106,500 per year ($986 average, $875-$1,100 per unit, 100% occupied as provided by owner). Net operating income is estimated at $50,774, a 5.64% cap rate at list price, with professional management underwritten at 6%; a 5% rent increase supports a pro forma NOI of about $55,429 (6.16% cap). In-place rents run below recent 5+ unit sales in 80010, leaving upside for a value-add buyer. Bus service on East Colfax, with quick access to the Anschutz Medical Campus and Fitzsimons, Stanley Marketplace, I-225 and downtown Denver. Offering memorandum and rent roll available to qualified buyers. Tours by appointment only; please do not disturb tenants. Buyer to verify all information, including unit mix, square footage, zoning, income and expenses.
Location
State CO
County Adams
Exterior
Utilities Available Natural Gas Connected, Sewer Connected
Waterfront Description Public
Private Pool No
Building
Lot Description Near Public Transit
Sewer Public Sewer
Water Public
Others
Tax ID R0095033
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byKeller Williams Real Estate LLC
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