1536 Macon St - Apartments FOR SALE


Aurora, CO 80010- North Aurora
$5,700,000 USD
720-939-2943
1536 Macon St, Aurora, CO for Sale
$5,700,000 USD
Apartments - FOR SALE
1/14
null | 5.68% Cap Rate

1536 Macon St
Aurora, CO 80010
North Aurora


HIGHLIGHTS

  • Opportunity to purchase property well below replacement cost, with incredible future upside potential when the local economy stabilizes
  • Good unit mix with 14 2bd units
  • Outside walkup design with secure courtyard
  • Dishwashers in units
  • Newer roof (less than 10yrs old)

OVERVIEW

Montego Apartments is a 41-unit apartment building located at 1536 Macon St in Aurora, Colorado. The property location is situated squarely in the middle of the E. Colfax corridor in the North Aurora submarket. Montego’s 41 units include a mix of 2/3-1Br/1Ba units and 1/3-2bd/1Ba units. The number of 2Br/1Ba units is a significant advantage in North Aurora, which was built with primarily one-bedroom apartment units and therefore two-bedroom units tend to rent more easily than one-bedroom units, which are more prevalent. This property offers an exceptional living opportunity in a rapidly evolving neighborhood adjacent to the Anschutz Medical Campus. This location provides residents with convenient access to world-class healthcare, a vibrant retail scene, and a community undergoing significant transformation. Situated approximately 1.5 miles from Anschutz Medical Campus, residents benefit from proximity to one of the nations leading medical and bioscience hubs. The campus houses major employees such as UCHealth, Children’s Hospital of Colorado and the University of Colorado, offering ample employment opportunities and access to cutting-edge medical research and education.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

41

PRICE/UNIT

$139,024

CAP RATE

5.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Montego Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,186 SF

ZONING

R-4, Aurora

APN/PARCEL ID

1823-35-4-26-017

ASK ABOUT THIS PROPERTY

Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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