2365 Emporia St - Apartments FOR SALE


$1,600,000 USD
720-939-2943
2365 Emporia St, Aurora, CO for Sale
$1,600,000 USD
Apartments - FOR SALE
1/14
null | 4.53% Cap Rate


HIGHLIGHTS

  • Opportunity to purchase property well below replacement cost, with incredible future upside potential when the local economy stabilizes
  • Short walk to Stanley Marketplace with abundant dining & shopping
  • Close proximity to the Central Park neighborhood with an average home value of $635K
  • Dishwashers in some units
  • Good walkability scores
  • Updated units show well and many offer west facing views

OVERVIEW

Tailwinds II is a 12-unit apartment building next door to Tailwinds I, which includes 16-unit and 8-unit buildings. The Tailwinds II unit mix include a mix of 11 one bed units and one studio unit. The was constructed in 1971 and has a pitched roof. Tailwinds II is located at the north end of the Stanley Marketplace submarket. Within eyeshot of the property are Stanley Marketplace, baseball fields, newbuilding construction, and the homes that are Denver’s popular Central Park Neighborhood. The properties claim a strong location in an otherwise challenging submarket. This property offers a prime location near the vibrant Stanley Marketplace, providing residents with a dynamic urban lifestyle. Situated approximately 1.5 miles from Stanley Marketplace, this property places residents within walking distance of over 50 locally owned businesses, including boutiques, restaurants, and wellness centers. The marketing features a diverse array of dining options such as the Denver Biscuit Company, Sweet Cow Ice Cream, and Cheluna Brewing Company. Additionally, it hosts family-friendly events and activities, making it a central hub for community engagement.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

12

PRICE/UNIT

$133,333

CAP RATE

4.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tailwinds II

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,250 SF

ZONING

OA-RMU

APN/PARCEL ID

1823-34-1-09-033

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.