17
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$1,985,000
Est. payment /mo
New
982 S Dearborn WAY Aurora, CO 80012
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Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3690783
HOA Y/N No
Year Built 1983
Property Sub-Type Multi Family
Property Description
13 CONDOS. ONE PURCHASE. APPROX. 9.5% PROJECTED CAP RATE. This is not a dressed-up 5% deal pretending to be an investment. At $1,985,000, this 13-unit condominium portfolio produces $326,268 in annual scheduled rent, with projected NOI of approximately $187,953 AFTER underwriting 5% vacancy, 7.5% professional management, 7.5% maintenance, HOA dues, property taxes and insurance. ALL 13 UNITS ARE CURRENTLY OCCUPIED on 12-month leases, with most tenants having lived in their units for multiple years. Approx. $153,000 per unit. Portfolio includes a mix of 1-, 2- and 3-bedroom condos across multiple Denver/Aurora communities. Acquire 13 income-producing assets in one transaction while retaining the flexibility to hold, refinance or sell individual units over time. Serious portfolio investors: run the numbers.
Location
State CO
County Arapahoe
Exterior
Waterfront Description Public
Roof Type Unknown
Private Pool No
Building
Sewer Public Sewer
Water Public
Others
Tax ID 032523719
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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 byLoKation
NEARBY SCHOOL & BUSINESS
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