1960 Dallas St - Apartments FOR SALE


Aurora, CO 80010- North Aurora
$4,025,000 USD
303-868-0011
1960 Dallas St, Aurora, CO for Sale
$4,025,000 USD
Apartments - FOR SALE
1/11
null | 6.22% Cap Rate

1960 Dallas St
Aurora, CO 80010
North Aurora


HIGHLIGHTS

  • Portfolio of 2 Multifamily Buildings in the 80010 zip code | 64 Units | total purchase price of $8,050,000
  • Short Sale / Pre-Foreclosure Status
  • All Offers Must be Submitted to Lenders for Approval
  • Significant Capital Improvements Completed – Seller has invested in extensive CapEx across the portfolio, with all units remodeled to C-class
  • Proximity to Affluent Neighborhoods – Bordering Central Park Denver, Lowry, and Stapleton, supporting long-term appreciation
  • In-House Management Team Available – Seller will convey the existing team: 2 leasing agents/property managers, 1 bookkeeper, 2 maintenance staff

OVERVIEW

1960 Dallas St. is a freshly repainted 32-unit multifamily building in North Aurora with significant upside and is being marketed exclusively as part of a combined 64-unit portfolio, together with 1592 Boston St. (32 units) for a total purchase price of $8,050,000. Contact listing broker for details. Motivated Seller! This property features a diverse unit mix of 15 three-bedroom apartments, 8 two-bedroom apartments, and 9 one-bedrooms—offering strong rent growth potential. It Includes a laundry room with seller owned washer and dryers for additional income. Building is up to code to collect higher section 8 income. Prime location in a high-demand rental area with strong tenant demand. Just 0.5 miles from Stanley Marketplace and just a short drive to both Lowry and the Central Park neighborhood. Less than 3 miles from the Anschutz Medical Campus, home to UCHealth University of Colorado Hospital, Children’s Hospital Colorado, and the Rocky Mountain Regional VA Medical Center—one of the largest medical hubs in the state. Located on a visible street with a steady flow of potential tenants.

FOR SALE DETAILS

PRICE

$4,025,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

32

PRICE/UNIT

$125,781

CAP RATE

6.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dallas Landing Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1967

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

R-4, Aurora

APN/PARCEL ID

1823-34-3-01-024

ASK ABOUT THIS PROPERTY

Michelle GlassKeller Williams Urban Elite - CommercialMore Info
303-868-0011

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Michelle GlassKeller Williams Urban Elite - CommercialMore Info
303-868-0011

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