1690 Akron St, Aurora, CO 80010

Property Description

Five-unit apartment building on a 6,350 sq ft corner lot in Original Aurora, two blocks north of East Colfax. Built in 1957, the building offers three 1-bedroom and two 2-bedroom units plus 3 off-street parking spaces. In-place rents total $76,800 per year for an estimated NOI of $47,764, a 7.35% cap rate at list price. Bringing rents to market supports a pro forma NOI of about $55,174 (8.49% cap). Owner pays water and sewer. Small enough for an individual investor to self-manage, large enough to qualify as commercial multifamily. Minutes to the Anschutz Medical Campus and Fitzsimons, Stanley Marketplace, I-225 and downtown Denver, with bus service on East Colfax. Offering memorandum and rent roll available to qualified buyers. Tours by appointment only; please do not disturb tenants. Buyer to verify all information, including square footage, zoning, income and expenses.