Located right off of Montview Blvd, this is a prime location for any business. Showings require a 24HR notice. Please call or text Erika Luna at 303-888-5096 or Lance Somerville at 303-968-7047. Tenant is still occupying building do not disturb their business operations. All measurements are deemed approximate, buyer to still do their own due diligence. Ubicado justo al lado de Montview Blvd, esta es una ubicación privilegiada para cualquier negocio. Las visitas requieren un aviso de 24 horas. Llame o envíe un mensaje de texto a Erika Luna al 303-888-5096 o a Lance Somerville al 303-968-7047. El inquilino sigue ocupando el edificio y no perturba sus operaciones comerciales. Todas las medidas se consideran aproximadas y el comprador aún debe realizar su propia diligencia debida.
So many options on this multifamily! Currently 5 units, 4, 1 bed units and 1, 2 bed unit, with a basement at the end of the building not currently being utilized. Option to make the basement a part of the 2 bed unit making it into a 4 bed, or, create a whole new unit as it has it's own entrance into the basement, making it a 6 unit. Currently under rented at $1300/unit. If you turn into section 8, Aurora is at $1800/1 bed unit/month and $3225/4 bed unit with converting the basement. Current cap rate at a $1mil purchase price is over 6%, if you convert the basement to utilize that space, you'll be around 9.7% cap rate with 30% down, and property management and paying all utilities for section 8. (Docs attached for the City of Aurora's Section 8 allowances.) ALSO, the duplex NEXT DOOR is also for sale at 1408 Lima St @ $480k! Those are both 2/1 units (that need a little organizing to get back to 2/1 units, current owner adjusted walls for their needs as they lived there). Owner has also talked with the City of Aurora and they've expressed that the alley in between the 5 plex at 1440 Lima and the Duplex at 1408 Lima could be workable with developing if you wanted to rezone and build an apartment building. Current lot sizes are 8,800 sq ft and 7,700 sq ft respectively, totalling 16,500 sq ft. Buy one or buy them both! All units are on month to month verbal leases, except for one unit with a lease up the end of February.
7.8% real current cap rate!! 9% pro forma cap rate!!! 9 out of 10 units have tenants in place, making this cash flow on day one. This is a package of individual units in the same complex, not a purchase of the entire building - making upkeep a breeze. Scattered property loan available, which will not count against your conventional mortgage limit... I challenge you to find better cap rates anywhere in the Denver Metro Area! This is one of the most aggressive portfolios to hit the market in a long time. Cap rate includes ALL expenses - vacancy, maintenance, management fees, HOA fees, insurance, and taxes. The cap rate at current rents goes up to 8.7% if you self manage! A crazy 10% pro forma cap rate if you self manage!
This portfolio of 5 units available from 2,000-5,000 square-foot of flex space is a fantastic opportunity for owner-users or investors seeking a value-add multi-tenant industrial property. The current tenant is in the process of vacating, allowing for immediate occupancy or redevelopment. The property features 4 dedicated 400-amp, 3-phase electrical panels, supporting a wide range of industrial uses. Additionally, the owner is open to selling the units individually, offering 2,000-square-foot minimim for increased flexibility. Don't miss out on this versatile commercial portfolio with significant income potential and industrial adaptability.
Capstone is pleased to present 1631 Clinton Street, built in 1961, the property has undergone comprehensive renovations, bringing it up to contemporary standards. The six-unit building features a mix of two-bedroom and three-bedroom units, providing ample space for residents. Each unit has been meticulously updated, offering a blend of modern amenities and classic charm. The property is self-managed, allowing for direct oversight of operations and maintenance, which can result in cost savings and more personalized tenant relations.
Exceptional opportunity to acquire a multifamily building, located just three blocks from the vibrant Stanley Marketplace. This property consists of two well-maintained buildings, each containing eight one-bedroom units, for a total of 16 units. Of these, ten units are renovated and six remain unrenovated. This immaculate property also consists of lower-level laundry rooms and off-street parking. The property features a gated entry system surrounding both the buildings and parking lot, offering an added layer of security. Several capital improvements have been made to help minimize future capital expenditure costs. With its proximity to Stanley Marketplace and a mix of renovated and unrenovated units, this property provides both immediate cash flow and significant future upside potential.
Wonderful 8 unit-multi family property that has been well cared for. Fully leased and a great investment property. Units are in good shape and have some updates. Contact Listing Agent for more more details.
Pleased to offer for sale 13731 E Mississippi Ave. (“The Property”), which consists of ±2.20 acres located at the major intersection of E Mississippi Avenue and I-225 in Aurora, Colorado. The Property is a wonderful infill redevelopment site because of its frontage on E Mississippi Ave., which sees over 57,000 vehicles per day. The current improvements include 23,618 SF of class B/C office spread across four separate buildings plus a drive-thru. The Current Owner/User (Citywide Banks, a division of HTLF Bank) is willing to lease back a portion of space in a future development. Property Highlights: Northwest corner of E Mississippi Ave. and I-225 Drive-Thru Opportunity Potential Seller Lease Back for Bank Use/Pad Site Permitted Uses: Retail Multifamily Hotel Office
1470 & 1472, Separate meters and addresses. Building Info > Previous Paint Retailer/ Wholesaler > Paint/Material Storage Booth comes with Building > Easy Access to Colfax and I-225 > Rare Single Tenant Free Standing Building > Walking distance to restaurants and shopping Traffic Counts E. Colfax Ave.: 32,338 vehicles/day Source: CoStar, 2024
VALUE ADD OPPORTUNITY!!! Eight unit apartment building one block from the Fitzsimons / Anschutz Medical Campus. All units are 1 Bed/1 Bath, four garden-level units and four upstairs units, many updated with vinyl plank flooring. The grounds are xeriscaped and the building has a NEW roof. The building is heated by a central boiler, master metered for gas and electric, tenants are bill $100 per month for utility use. There is space in the building to add a community laundry facility for residents, which would provide additional income to the new owner. There are eight off-street parking spaces to the rear of the property. Entry is through secure front and back doors. Built in 1950, 1733 Paris Street offers residents a prime location next to Fitzsimons / Anschutz Medical Campus and the rest of the Fitzsimons Innovation District as well as surrounding development. This is a value-add opportunity with an achievable 6.60%+ market capitalization rate though improved operations and increasing rents to market, neighboring building is renting the same 1 bed unit for $1,300 per month. Given demand from traveling nurses at throughout the medical facilities at Fitzsimons, this creates option to convert leases to mid-term rentals. Mid-term rental rates typically increase monthly income by twenty percent.
Colony House Apartments is a 37 unit apartment building with a mix of (1) one-studio, (34) thirty-four one bedroom/1 bathroom and (2) two, two bedroom units. Over 80% of the units have been remodeled since 2020 with new cabinets, flooring, new double paned windows… The building is 4 stories and service with a new elevator (2017). It has a pool that has been covered and all mechanical systems are still in place. Rent upside in this secure building with a 16-camera security system. On side office and two storage sheds. The parking lot has (35) thirty-five off-street parking spots with additional on street parking. Next door to King Soopers grocery store and bus routes. Across the street from Aurora senior center and recreation center including large park. Only 2 miles from Aurora medical complex and I-225 via Alameda Ave. Upside in rents and utility bill back for gas, water, and trash.
The Impact Realty is pleased to present the sale of 10101-10139 E Colfax Avenue, a multi-tenant retail property. The property comprises 13,500 square feet among 5 units, 86% leased below market rates. High visibility, excellent signage, and generous parking. Easy to manage and easy to lease (current owners manage by themselves). Recent Capital Improvements over $400,000. The Adult Day Care/Event Center (10101 E Colfax) is entirely remodeled. The parking lot has been redeveloped and fenced.
BLURIVER Commercial Advisors is pleased to offer this Three (3) Investment Sale Property portfolio leased to a national and publicly traded major Cannabis operator with multiple brands across North America. This premier commercial property features a 1,202 square foot building on a substantial 16,801 square foot lot. Currently fully leased to 'Star Buds,' a leading recreational cannabis retail store in the Denver MSA, this investment is secured with a corporate guarantee from Schwazze, ensuring a stable and reliable income stream. This property is an excellent opportunity for investors seeking a proven, income-generating asset in a strategic location, where the Tenant has demonstrated their commitment to this site since December 2019.
Seller requires an Accepted Offer before Showing and Buyer Inspection *** Please Do Not Talk to Tenants *** Thank You ****** $354,500 for Unit H *** $ 354,500 for Unit J *** Both Units Identical Size *** Both Units in the Same Building *** Current Use in the Waterford 3 Building, 11 Units ---Body Shops---Auto Repair Mechanical---Storage---Church *** Both H and J Units are rented for $2500 per month each *** Pictures are Stock and not of the actual unit ***Check out the market and you'll find very few of these come on the market.
This rare Commercial hard corner is surrounded by over 3,300 acres zoned residential (R2). One acre at northeast Corner has been dedicated to Aurora as Open Space. For current MU-C zoning Permitted Uses see Aurora Zoning table. Water located along Jewell Road, Sewer currently being worked on under the City of Aurora. Home is NOT usable as a residence due to age but can be used as an office. Limited Owner Carry possible to Qualified Buyers.
Realty One Group Premier and the Williams Storage Group of Marcus and Millichap are honored to present for sale VIP Storage in Aurora, Colorado. This property consists of 10,800 square feet of inside parking storage including 60 non-climate controlled units and 347 outdoor parking units for a total of 407 units covering 9.62 acres.
The median home value in Aurora, CO is $479,000. This is lower than the county median home value of $500,800. The national median home value is $338,100. The average price of homes sold in Aurora, CO is $479,000. Approximately 59.37% of Aurora homes are owned, compared to 35.97% rented, while 4.66% are vacant. Aurora real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Aurora real estate agent to arrange a tour today!
Aurora, Colorado has a population of 383,496. Aurora is less family-centric than the surrounding county with 32.88% of the households containing married families with children. The county average for households married with children is 34.29%.
The median household income in Aurora, Colorado is $72,052. The median household income for the surrounding county is $84,947 compared to the national median of $69,021. The median age of people living in Aurora is 35 years.
The average high temperature in July is 88.2 degrees, with an average low temperature in January of 18 degrees. The average rainfall is approximately 16.8 inches per year, with 61.7 inches of snow per year.