1391 Lima St - Apartments FOR SALE


Aurora, CO 80010- Delmar Parkway
$1,200,000 USD
303-618-1171
1391 Lima St, Aurora, CO for Sale
$1,200,000 USD
Apartments - FOR SALE
1/16
null | 6.5% Cap Rate

1391 Lima St
Aurora, CO 80010
Delmar Parkway


HIGHLIGHTS

  • Located just a few minutes from the Anschutz Medical Facility
  • Upside Potential: With current rents below market rates, and no current utility billback, there is substantial opportunity for income increases
  • Interior Upgrades: Each unit has undergone interior renovations as well as updated appliances as needed
  • Unlock higher income potential by converting this building into mid-term rentals! Perfectly positioned for traveling nurses

OVERVIEW

Actual cap rate is 6.5% with huge upside potential. Increase income immediately by charging for laundry and utilities, which are currently not being billed for and/or convert to mid-term rental due to proximity to Anschutz Medical Facility!

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

8

PRICE/UNIT

$150,000

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey 6.5 Cap Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

OA-RMU

APN/PARCEL ID

1973-02-2-16-024

ASK ABOUT THIS PROPERTY

Valerie CannistraroLoKation Real Estate-LongmontMore Info
303-618-1171

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Valerie CannistraroLoKation Real Estate-LongmontMore Info
303-618-1171

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.