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!
The median home value in Aurora, CO is $458,600. 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 $458,600. 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 80012 has a population of 383,496. Aurora 80012 is less family-centric than the surrounding county with 32.34% 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 80012 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 80012 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.