1923 Dallas St - Apartments FOR SALE


Aurora, CO 80010- North Aurora
$1,025,000 USD
303-810-8363
1923 Dallas St, Aurora, CO for Sale
$1,025,000 USD
Apartments - FOR SALE
1/42
null | 7.5% Cap Rate

1923 Dallas St
Aurora, CO 80010
North Aurora


HIGHLIGHTS

  • Nearly all units updated
  • A sixteen-spot surface lot with gated access gives tenants access to private parking
  • Steps away from the Montview redevelopment district and close to Anschutz Medical Campus
  • Seller financing available at 5% contigent upon an acceptable offer
  • Flexible pricing and terms

OVERVIEW

**1923 and 1933 Dallas St are being sold together for $2,050,000 or individually for $1,025,000 per building** This could be a very lucrative investment opportunity in a bustling redevelopment area of Aurora. Just 2.8 miles from the Anschutz Medical Campus, money is being invested to revamp this North Aurora locale! The current owners have spent the last couple of years updating several units within each building, increasing the rental revenues for these particular units. Our pro-forma analyses put this at a potential 7.5% or more cap rate. 1923 and 1933 Dallas Street can be sold together or separately at $1,150,000 each. The site sits adjacent to the Montview Redevelopment District and the proposed Dayton Street concept. **VERY COMPETITIVE SELLER-CARRY FINANCING IS AVAILABLE, AND A ~3.8%, 30-YEAR AMORTIZED LOAN ON THE PROPERTY IS ASSUMABLE** Reach out to Kelley: 303-810-8363 or Sally: 720-530-5661 for more info.

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

8

PRICE/UNIT

$128,125

CAP RATE

7.5%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1923-1933 Dallas St Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

OA-RMU

APN/PARCEL ID

1823-34-3-02-021

ASK ABOUT THIS PROPERTY

Kelley SchneiderRE/MAX AllianceMore Info
303-810-8363

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Kelley SchneiderRE/MAX AllianceMore Info
303-810-8363

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