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1400 Kingston Street - Kingston Apartments, Aurora, CO

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1400 Kingston Street - Kingston Apartments

Aurora, CO 80010 - Delmar Parkway MF Submarket

Property Type:Multi-Family Number of Units:18 Status:Existing Year Built:1957
Stories:3 Building Size:13,365 SF Land Area:.29 AC (12,632 SF)
For Sale Price:$2,050,000 Price/Unit:$113,888.89 Cap Rate:6.80 % GRM:-

Parking:1.35 Parking Spaces / 1,000 SF

Kingston Apartments is an 18-unit multi-family building located in Aurora.

Sale Notes:
The Kingston Apartments are a desirable multifamily investment opportunity, ideally situated along the east Colfax corridor in the rapidly improving Aurora submarket. Fueled by the opening of the Stanley Marketplace and a bevy of local employment opportunities, Aurora has seen unprecedented growth in recent years, offering strong yields and outsized investor equity growth. Boasting the 4th highest 2017 rent growth in Colorado and having more than 1500 units and rampant non-residential redevelopment underway, this submarket is poised to continue offering attractive returns well into the future.

• Ideal unit mix consisting of 18 1-Bedroom units
• Fully updated in 2012, including new roof, boiler, wiring, plumbing, and landscaping
• All units boast recently updated flooring, bathrooms, and cabinetry
• Ample off-street parking
• Proximate to Nome Park, Anschutz Medical Campus, and Fitzsimmons Golf Course

Pinnacle Real Estate Advisors
JB Hochman
(303) 962-9533

Erik Toll
(720) 638-5401

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