20 Unit condo portfolio for sale! Fully leased. High demand location near transportation, schools and employment. 8.62% Cap rate on actual NOI. 16 units in 1357 Helena St building and another 4 located in the adjacent 15423 13th St. building. Call listing agent for details. Total 20 unit portfolio for sale at $1,260,000.
" Blocks to Fitzimons Hospital! " Newer 2005/2006 construction. " Separately metered for water, gas, and electric. " Comes with land designed for 47 more units. " Strong cash flow as is!
Nome Terrace is a rare, all two-bedroom/one-bath apartment community. Located just three blocks west of the Fitzsimons Life Sciences District/University of Colorado Anschutz Medical Campus, a 578-acre site dedicated to bioscience, biotechnology, healthcare, medical education and advanced medical research. It is the largest development of its kind in the state and one of the largest in the country. The campus' 21,000 employees are less than half of the projected 45,000 employees at build-out. The University of Colorado Hospital has more than 60,000 visitors a day. With this major employment hub just blocks from Nome Terrace, with only half of the expected 45,000 employees in place, five percent rental growth per year, over the next several years, can be expected. The University of Colorado Hospital is the 3rd largest single employer in the City of Aurora, however this hospital only makes up approximately 25 percent of the total employment number of the District/Campus at this time.
41 Units New doors and windows 43 parking spaces Gated community with security system Located in Fitzsimons Redevelopment area near the University of Colorado Denver Medical Campus
" New Exterior Renovations Include New Roof, New Windows, New Landscaping, & New Parking Lot! " New Interior Renovations Include New Flooring, New Light Fixtures, New Electrical Panels, & All New ACs! " New Boiler & New Hot Water Heaters!
Nice 10-unit apartment building. Some remodeled units! ***8.5% PROFORMA CAP RATE***
Malibu Manor Apartments is a 44 unit apartment building located in northern Aurora, an eastern suburb of metropolitan Denver. Built in 1961, the property is comprised primarily of one bedroom/one bath units (41) in two three-story buildings. All hallways in the buildings are interior and each building's entry is secured. The building itself is of brick construction with a new flat roof (replaced in 2013), and each building is heated by a central hot water boiler. The buildings have all new double pane windows replaced in summer of 2014. There are 44 off-street parking spaces for tenants on the approximately 1.1 acre property. Over $250,000 in renovations were done in 2011 including 12 garages, exterior building improvements and landscaping. Residents have access to an on-site laundry facility (seller owned equipment) located on the garden level.
Investment Portfolio of Condo Townhomes Available. Locally owned and managed with several long term tenants. 3 - 3 Bedrooms/2 bath 2 - 2 Bedrooms/ 2 bath
" Chambers Place is the newest community in Aurora. Within a three-mile radius of Chambers Place there has only been one community built within the past decade, which was completed in 2008, creating a significant lack in new class-A competition. " Chambers Place offers investors a highly desirable unit mix consisting of 24 two-bedroom, two-bath units averaging 1,040 sf. " Competing class-A two-bedroom monthly rents are averaging $1,355 per unit allowing for immediate upside upon stabilization.
:: Strong location between Stapleton and Lowry :: Property is well-maintained with numerous updates :: Property consists of three adjacent buildings totaling 44 units :: Located minutes from Johnson & Wales Academy :: Numerous capital improvements including a new roof on 2345 Emporia and other common area updates :: New windows on all three buildings :: Ample off-street parking :: Opportunity to renovate units and increase the NOI :: On-site laundry facilities :: Located in quiet residential neighborhood :: Easy to rent and manage with a low historical vacancy rate