LOCATION

1680 Akron Street Aurora CO

Bedrooms rounded blue

BEDROOMS:

12

Bathrooms rounded pink

TOTAL BATHROOMS:

12

$ 1,440,000

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Description

"The Kelly" is a 12 unit apartment building located in one of the most profitable sub-markets in metro Denver. The neighborhood continues to grow immensely and has enjoyed an average annual growth rate of 18% since 2012. The area is surrounded by new development with Stapleton & Stanley Marketplace to the north, Anschutz Medical Campus to the east, and Lowry to the south. The building sits on a peaceful, quiet block surrounded by single family homes. $10,000 in new, low maintenance landscaping provides great curb appeal for current and prospective tenants. The common areas and many of the apartment interiors have new hard surface flooring to give the building a modern feel while helping keep unit turnover costs low. Listed at just $1,440,000, The Kelly is being sold at the lowest price per door in metro Denver at $120,000 per unit. This price provides an unbeatable 7% cap rate on pro forma financials. A hidden gem just across the boarder from Denver, the building could be a great fit for any investor looking to outpace broader market returns in the coming years. Kellen Reilly 3 0 3 9 1 0 4 7 3 2

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Listing Details

LISTING STATUS: Active

MLS ID: 3625346

DAYS ON AZ 2

Li bedrooms

BEDROOMS:

12

Li bathrooms

TOTAL BATHROOMS:

12

FULL BATHROOMS:

12

1/2 BATHROOMS:

0

3/4 BATHROOMS:

0

Li cooling

COOLING:

No Information

Li heating

HEATING:

Baseboard

FLOORING:

No Information

Li flooring

FLOORING:

No Information

Li view

VIEW:

No Information

Li roof

ROOF:

Other

Li style

STYLE:

HighRise

Li stories

STORIES:

0

Li fireplaces

FIREPLACES:

0

Li foundation

FOUNDATION:

No Information

Li laundry

LAUNDRY FEATURES:

No Information

Li garage

GARAGE SPACES:

0

Li price type

PRICE TYPE:

No Information

Li area

AREA:

7780 sqft

Li accessiblity

Accessibility:

No Information

Location/Directions and Additional Information/Surroundings

Elementary School: Alsup

High School: Adams City

Middle or Junior School: Community Leadership Academy

Lot Size (Acres): 0.22

Lot Size:

Lot Size (Square Feet): 9525.0

Area Source:

Lot Features: No Information

Exterior: No Information

Pool: No Information

Interior: No Information

Security: No Information

Door: No Information

Parking: No Information

Spa: No Information

Maintenance Expense:

Association Name:

Association Fee:

Association Fee Frequency:

Association Amenities:

Association Phone:

Tax Annual Amount: $10,427.0

Tax Year: 2019

City Beautiful Real Estate

Nearest sold homes

property image
SOLD
1946 Akron Street, Aurora
CO 80010
Bedroom 2 bd
Bathroom 1 ba
894 sqft
$275,000
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