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10702-10792 E Exposition Ave
Aurora, CO 80012

$1,505,000 USD

Apartments Condo For Sale  •  7,360 SF

Property Details

  • Property Type Apartments
  • Total Building Size 95,127 SF
  • Lot Size 0.37 AC
  • Building Class B
  • Year Built 1972
  • Cap Rate 7.77 %
  • Zoning residential
40 Transit Score
74 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 10 Units Flex 7,360 SF $1,505,000 USD
  • Unit Size: 7,360 SF
  • Condo Use: Flex
  • Price: $1,505,000 USD
  • Sale Type: Investment
  • Price/SF: $204.48 USD
Sale Notes
7.8% real current cap rate!! 9% pro forma cap rate!!! 9 out of 10 units have tenants in place, making this cash flow on day one. This is a package of individual units in the same complex, not a purchase of the entire building making upkeep a breeze. Scattered property loan available, which will not count against your conventional mortgage limit... I challenge you to find better cap rates anywhere in the Denver Metro Area! This is one of the most aggressive portfolios to hit the market in a long time. Cap rate includes ALL expenses - vacancy, maintenance, management fees, HOA fees, insurance, and taxes. The cap rate at current rents goes up to 8.7% if you self manage! A crazy 10% pro forma cap rate if you self manage!

Description 

7.8% real current cap rate!! 9% pro forma cap rate!!! 9 out of 10 units have tenants in place, making this cash flow on day one. This is a package of individual units in the same complex, not a purchase of the entire building - making upkeep a breeze. Scattered property loan available, which will not count against your conventional mortgage limit... I challenge you to find better cap rates anywhere in the Denver Metro Area! This is one of the most aggressive portfolios to hit the market in a long time. Cap rate includes ALL expenses - vacancy, maintenance, management fees, HOA fees, insurance, and taxes. The cap rate at current rents goes up to 8.7% if you self manage! A crazy 10% pro forma cap rate if you self manage!

Highlights

Excellent Cap Rate!
10 units in a complex, not entire building

Property Flyers

Financial Summary

Cap Rate: 7.77 %
Total Expenses: $72,149 USD

Amenities

  • Air Conditioning
  • Dishwasher
  • Ceiling Fans
  • Kitchen
  • Refrigerator

Public Transportation

Commuter RailDriveWalkDistance
Peoria Station Track 1 (Union Station to Denver Airport Station - Regional Transportation District) 12 min - 6.3 mi
Peoria Station Track 2 (Union Station to Denver Airport Station - Regional Transportation District) 12 min - 6.3 mi
AirportDriveWalkDistance
Denver International 28 min - 20.6 mi
Matthew Collins 720-266-8040 Colorado Collins Group, LLC
Matthew Collins 720-266-8040 Colorado Collins Group, LLC