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Listing 12 out of 1,550
$1,080,000 Under Contract

1641-1655 Alton Street
Aurora, CO 80010

18 beds | Income
4,500 sq ft; lot: 12632 sq ft - MLS# 1894911
Property Photo
1/10

Description

Rare 9% Cap Rate! Newly remodeled, 8 unit multi-family building in North Aurora. Excellent cash flow!! This property consist of 2 legally separated fourplexes. Investors have the flexibility to get two residential loans or one commercial debt service! New paint, new flooring, and updated kitchens. TURN KEY, all new leases are in place! Just minutes away from CU Anschutz Medical Campus and the Light Rail Station.

Features

  • Property Type: Income
  • Sub Type: Income
  • Listing Status: Under Contract
  • County/Area: Adams County
  • Zip Code: 80010
  • Year Built: 1957
  • Subdivision/Neighborhood: Aurora
  • School District: Adams-Arapahoe 28j
  • Elementary School: Crawford
  • Middle School: Vista Peak
  • High School: Aurora Central
  • Sq.Ft.: 4,500 sq ft
  • Style: Ranch/1 Story
  • Stories: Ranch/1 Story
  • Units: 8 units
  • Bedrooms: 18
  • Basement: Partial
  • # of Parking Spaces: 8
  • Lot Size: 12632 sq ft
  • Zoning: Multi-Unit 4-8 Unit
  • Accepting Backup Offers YN: Y
  • Additional Information: 1031 Exchange, Income Potential, Quick Possession, Tenant Occupied
  • Annual Expense Proj: 37630
  • Annual Income Proj: 141036
  • Annual Net Income Proj: 103406
  • Building Area Source: County Records
  • Building Type: 5+ Plex (All Units)
  • Cap Rate: 9.10
  • Construction Materials: Brick
  • Construction Methods: Frame
  • Cooling: Air Conditioning-Central
  • Distance To Bus: 3.00
  • Flooring: Carpet
  • Gas Expense: 1620
  • Heating: Forced Air
  • Heating Fuel: Gas
  • Insurance Expense: 4807
  • Interior Features: Cable Available, Updated
  • Kitchen Appliances: Dishwasher, Disposal, Microwave Oven, Refrigerator (Kitchen), Smoke Alarm, Stove/Range/Oven
  • Lot Size Sq Ft: 12700.00
  • Maintenance Expense: 4950
  • Offsite Management Annual Expens: 8039
  • Other Expense: 2560
  • Parking Count: 1
  • Potential Rental Income Annual: 141036
  • Real Estate Taxes: 5626
  • Rentals Allowed: Long Term, Short Term
  • Road Surface: Paved Road
  • Roofing: Composition Shingles
  • Seller Type: Corporation/Trust
  • Site Features: Cul-De-Sac
  • Sq Ft Above: 4500
  • Sq Ft Basement: 1500
  • Sq Ft Finished: 4500
  • Sqft Total: 6000
  • Structural Style: Ranch/1 Story
  • Tax Amount: 2813.00
  • Tax Year: 2017
  • Total Offstreet Spaces: 8
  • Unit Access: Exterior Access
  • Unit Count: 8
  • Utilities: Cable TV, Internet Access (Wired), Telephone
  • Water Annual Expense: 7075
Courtesy of Keller Williams Realty Downtown Llc

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