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$ 900,000
Est. payment | /mo
8,494 Sqft Lot
$ 900,000
Est. payment | /mo
8,494 Sqft Lot
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4615740
HOA Y/N No
Year Built 1952
Lot Size 8,494 Sqft
Acres 0.19
Property Sub-Type Multi Family
Property Description
1467 Joliet Street is a 9-unit multifamily property in Aurora offering a diverse unit mix of 1 studio, 4 one-bedrooms, 3 two-bedrooms, and 1 three-bedroom unit. The ranch style building also features 9 off street parking spaces and private entrances for each unit.
Located in North Aurora, the property is just minutes from Stanley Marketplace and the UC Anschutz Medical Campus. The location also stands to benefit from the East Colfax BRT project, which is bringing new stations, corridor amenities, and pedestrian improvements to the area.
Offered at $900,000, the property presents an accessible basis with clear operational upside and the potential to achieve an 8%+ cap rate. New ownership will have the opportunity to implement additional improvements, enhance interiors, tighten operations, and continue driving revenue over time.
HIGHLIGHTS
- Priced below nearby sales comparables and active listings
- Diverse unit mix from studio to three-bedroom units, appealing to a broad tenant base
- Side-by-side ranch-style apartment building with private entrances and a functional layout
- Located in North Aurora, just minutes from the Anschutz Medical Campus, Stanley Marketplace, and Lowry
- Value-add opportunity positioned to benefit from continued investment along the East Colfax corridor, including the East Colfax BRT project and related pedestrian and amenity improvements
AMENITIES
- Private entrances per unit
- Individually metered for electric - tenants pay directly (GE panels)
- 1:1 parking ratio
- LVP flooring in most units
- Functional, open floor plans
Located in North Aurora, the property is just minutes from Stanley Marketplace and the UC Anschutz Medical Campus. The location also stands to benefit from the East Colfax BRT project, which is bringing new stations, corridor amenities, and pedestrian improvements to the area.
Offered at $900,000, the property presents an accessible basis with clear operational upside and the potential to achieve an 8%+ cap rate. New ownership will have the opportunity to implement additional improvements, enhance interiors, tighten operations, and continue driving revenue over time.
HIGHLIGHTS
- Priced below nearby sales comparables and active listings
- Diverse unit mix from studio to three-bedroom units, appealing to a broad tenant base
- Side-by-side ranch-style apartment building with private entrances and a functional layout
- Located in North Aurora, just minutes from the Anschutz Medical Campus, Stanley Marketplace, and Lowry
- Value-add opportunity positioned to benefit from continued investment along the East Colfax corridor, including the East Colfax BRT project and related pedestrian and amenity improvements
AMENITIES
- Private entrances per unit
- Individually metered for electric - tenants pay directly (GE panels)
- 1:1 parking ratio
- LVP flooring in most units
- Functional, open floor plans
Location
State CO
County Arapahoe
Exterior
Roof Type Unknown
Private Pool No
Building
Sewer Public Sewer
Others
Tax ID 031074525
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byKaufman Hagan
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