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1535 - 1545 Moline Street - 1535 - 1545 Moline Street, Aurora, CO

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1535 - 1545 Moline Street - 1535 - 1545 Moline Street

Aurora, CO 80010-2646 - North Aurora MF Submarket

Property Type:Multi-Family Number of Units:12 Status:Existing Year Built:1957
Stories:2 Building Size:8,512 SF Land Area:.36 AC (15,682 SF)
For Sale Price:$1,635,000 Price/Unit:$136,250.00 Cap Rate:7.00 % GRM:-

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

1535-1545 Moline Street consists of two 2 story buildings with 12 2 bedroom / one bath units. All units are large and many of the units have been updated. The building is all brick with pitched roofs. There are double pane windows as well as an onsite laundry facility. The courtyard in between the two buildings has recently been updated with new concrete. The property is located near the Fitzsimons Campus.

Sale Notes:
Profitable apartment building close to the Anschutz Medical Campus, light rail and bus commuter routes. Easy maintenance brick 12-plex of 2-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.

On the corner of 15th Ave and Moline 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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