1467 Joliet St - Apartments FOR SALE


Aurora, CO 80010- Delmar Parkway
$970,000 USD
303-481-2875
1467 Joliet St, Aurora, CO for Sale
$970,000 USD
Apartments - FOR SALE
1/27
null | 8.03% Cap Rate

1467 Joliet St
Aurora, CO 80010
Delmar Parkway


HIGHLIGHTS

  • Priced below nearby sales comparables and active listings
  • Diverse unit mix from studio to three-bedroom units, appealing to a broad tenant base
  • Side-by-side ranch-style apartment building with private entrances and a functional layout
  • Located in North Aurora, just minutes from the Anschutz Medical Campus, Stanley Marketplace, and Lowry
  • Value-add opportunity positioned to benefit from continued investment along the East Colfax corridor, including the East Colfax BRT project and more

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$970,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

9

PRICE/UNIT

$107,778

CAP RATE

8.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

1973-02-2-05-019

ASK ABOUT THIS PROPERTY

Andrew VollertKaufman HaganMore Info
303-481-2875

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Andrew VollertKaufman HaganMore Info
303-481-2875

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