County: Arapahoe
Year Built: 1952
# Buildings: 1
# Stories: 1
Total Units: 9
Construction: Brick Masonry
Roof Type: Pitched
Gross Building SF: 3,869
Total Lot SF: 8,494
Parking: Lot | 9 Spaces
Air Conditioning: Wall A/C Units
Heating: Boiler
Gas: Master
Electrical: Individual
Water/Sewer: Master
1467 Joliet Street is a 9-unit multifamily property in Aurora offering a diverse unit mix of 1 studio, 4 one-bedrooms, 3 two-bedrooms, and 1 three-bedroom unit. The ranch style building also features 9 off street parking spaces and private entrances for each unit.
Located in North Aurora, the property is just minutes from Stanley Marketplace and the UC Anschutz Medical Campus. The location also stands to benefit from the East Colfax BRT project, which is bringing new stations, corridor amenities, and pedestrian improvements to the area.
Offered at $970,000, the property presents an accessible basis with clear operational upside and the potential to achieve an 8%+ cap rate. New ownership will have the opportunity to implement additional improvements, enhance interiors, tighten operations, and continue driving revenue over time.