1601 Joliet St - Apartments FOR SALE


Aurora, CO 80010- North Aurora
$3,080,000 USD
303-918-8909
1601 Joliet St, Aurora, CO for Sale
$3,080,000 USD
Apartments - FOR SALE
1/19
null | 6.31% Cap Rate

1601 Joliet St
Aurora, CO 80010
North Aurora


HIGHLIGHTS

  • Strategic Aurora Location Near Major Employment Drivers
  • Large and Growing Denver Metro Submarket with Diverse Workforce
  • Recently Renovated Units with Additional Upside Potential
  • Rare Two-Bedroom-Heavy Unit Mix Supporting Strong Demand
  • Stable Workforce-Housing Investment with Incremental Upside

OVERVIEW

MMG Real Estate Advisors is pleased to present the opportunity to acquire 1601–1645 Joliet Street Apartments, a renovated multifamily asset located in Aurora, Colorado. Positioned within a major employment corridor of the Denver metro, the property benefits from proximity to leading healthcare, military, aerospace, bioscience, and logistics employers. With renovated units, a rare two-bedroom-heavy unit mix, and clear potential for additional interior enhancements, the asset offers investors a stable workforce-housing investment with a defined path to incremental upside.

FOR SALE DETAILS

PRICE

$3,080,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

24

PRICE/UNIT

$128,333

CAP RATE

6.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1601 Joliet Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,557 SF

ZONING

R-3, Aurora

APN/PARCEL ID

1823-35-3-20-013

ASK ABOUT THIS PROPERTY

Jason KochMMGMore Info
303-918-8909

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Jason KochMMGMore Info
303-918-8909

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