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1451 Macon Street, Aurora, CO

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1451 Macon Street

Aurora, CO 80010 - Delmar Parkway MF Submarket

Property Type:Multi-Family Number of Units:12 Status:Existing Year Built:1963
Stories:3 Building Size:7,371 SF Land Area:.22 AC (9,496 SF)
For Sale Price:$1,199,000 Price/Unit:$99,916.67 Cap Rate:7.00 % GRM:-

Portfolio:This property is for sale (for $9,700,000) as part of a portfolio of 8 properties.
Parking:2.44 Parking Spaces / 1,000 SF

Sale Notes:
Profitable apartment building close to the Anschutz Medical Campus, light rail and bus commuter routes. Easy maintenance brick 12-plex of 1-bedroom units and consistently fully occupied. Steady and reliable passive income property with good potential for further improvement and higher rent revenue due to nearby medical complexes with over 45,000 employees and the close proximity to the Colfax corridor in the path of future redevelopment.

Also available as part of a larger portfolio. Call listing broker for more details.
On the corner of 14th Ave and Macon St. located just a few blocks away from the University of Colorado Anschutz Medical Campus and the new VA hospital in Aurora, CO. Approximately one mile from the I-225 RTD rail line with 3 convenient stations nearby. Aurora is the third most populated city in Colorado and this location boasts easy access to I-225 and Denver International Airport. It is also located in the heart of future redevelopment along the Colfax corridor.

Madison & Company Properties
Michael Griffin
(303) 350-4257

Madison & Company
William Spengler
(303) 771-3850

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