Alton St. Portfolio Sale Multi-Family FOR SALE


Aurora, CO
$7,425,000 USD
720-386-8894
, Aurora, CO for Sale
$7,425,000 USD
Multi-Family - FOR SALE
1/37
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Alton St. Portfolio Sale
Aurora, CO


HIGHLIGHTS

  • Turnkey Investment with Some Value-Add Opportunities.
  • ALL 55 Units Have Been Updated.
  • Minutes Away from CU Medical Campus and Class A Developments Near Stanley Marketplace.
  • Highly Sought After Two and Three Bedroom Apartments.

OVERVIEW

This is a 55 unit portfolio sale, that consists of 2 properties: A 23 Unit property, located at 1666 Alton St. and 9108 E 17th Ave, along with a 32 unit property located at 1663-1683 Alton St. for a total sale's price of $7,425,000. The two properties are situated within a mere 2-minute walking distance from each other, simplifying property management. 1663-1683 Alton has assumable debt at 3.8%!! Both properties are located just minutes away from the CU Medical Center Campus and popular shopping and dining from the Stanley Marketplace and new development along the Montview Blvd corridor. C class/working class rental apartment homes will be in high demand near the new developments of A class buildings surrounding the Stanley Marketplace Center that offers premium eateries, shopping and wellness services. In addition, just minutes away is the new development of the University of Colorado Anschutz Medical Campus, University of Colorado Hospital, Children's Hospital of Colorado, the Veteran's Affairs Hospital and the site of the developing Fitzsimons Innovation Community, a 125-acre bioscience park for a variety of biomedical research companies. This turn-key investment has a great unit mix of one bedroom units, two bedroom units and three bedroom units. All units have been updated - 1666 Alton St. is currently 100% occupied and 1663-1683 Alton St. is also 100% occupied with strong leases in place. The properties are mostly stabilized but offer some value-add potential! Each unit is individually metered for electricity. The owner pays for water, sewer, trash and gas.

ASK ABOUT THIS PROPERTY

Michelle GlassKeller Williams Urban Elite - CommercialMore Info
720-386-8894

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Michelle GlassKeller Williams Urban Elite - CommercialMore Info
720-386-8894

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