1695 Clinton Street
- 100% occupied 12-unit interior hallway building with many recent updates
- Just blocks from Stanley Marketplace and minutes from Anschutz Medical Center
- 10 of 12 units significantly improved, some with new flooring, tile tub surrounds, cabinets, etc.
- Master metered gas and electric; RUBs in place for most tenants
- Onsite laundry facilities for tenant convenience
- Eight covered off-street parking spaces with additional storage
Property Description
Presenting a prime investment opportunity in the heart of Aurora, CO, this multifamily property offers a 7,740 SF building comprising 12 well-maintained units. Constructed in 1960, this property boasts convenient access to major transportation routes and employment centers, enhancing its appeal for tenants and investors alike. The property is master-metered for gas, water, and electric, and the fact that a utility billback program has not been fully implemented presents additional opportunity to increase revenue. With an interior, secured hallway layout and onsite laundry facilities, as well as covered off-street parking to generate additional income, this property embodies the potential for a high-yield long-term multifamily investment in a location that continues to develop.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,225,000 |
| No. of Units: | 12 |
| Year Built: | 1960 |
| Lot Size: | 0.22 Acres |
| Opportunity Zone: | No |
| Price per unit: | $102,083 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
220 Virginia Dr
Estes Park, Colorado
3434-3438 Thaxton Avenue SE
Albuquerque, New MexicoBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout