1422 Macon Street

    Aurora, CO 80010
    • $3,360,000
    • STATUS: Under Contract
    • ON SITE: 96 days
    • ID#: 8028079
    Under Contract
    UPDATED: 23 min ago
    $3,360,000
    • 44
      BEDS
    • 0.44
      ACRES
    • 24
      BATHS
    • 0
      1/2 BATHS
    • 20,736
      SQFT
    • $162
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:
    Area:

    School Ratings & Info

    School District:
    Offered by Marcus & Millichap Inc.

    Description

    The Kimberly is a 24-unit multifamily community located in Aurora, approximately six blocks west of the Fitzsimons Innovation Community and the Anschutz Medical Campus. Built in 1969, The property sits on a 0.44-acre lot, offers a gated entry, a playground, mature trees, a community garden and 24 off-street parking spaces. Each of the two 12-unit buildings are a three-story exterior walk-up with brick exterior. The unit mix consists of 20 2BD/1BA units and four 1BD/1 BA units. In the last year the property has had significant unit renovations including updated flooring, cabinets and countertops. Units are individually metered for electricity and master metered for gas and water. Each building has a hot water boiler that provides heat and hot water to the units. There is space to add an on-site coin operated laundry in each building that would provide additional income to the owner.

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    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The Griffith Home Team are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2019 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.yourdenverhomesource.com/homes/88622579

    1422 Macon Street Aurora, CO 80010

    • Price: $3,360,000
    • Status: Under Contract
    • Updated: 23 min ago
    • ID#: 8028079
    44
    Beds
    24
    Baths
    0
    ½ Baths
    0.44
    Acres
    20,736
    SQFT
    $162
    $/SQFT
    1969
    Built
    Neighborhood:
    Aurora
    County:
    Arapahoe
    Area:
    Aurora
    School District:
    Adams-Arapahoe 28J
    Property Description
    The Kimberly is a 24-unit multifamily community located in Aurora, approximately six blocks west of the Fitzsimons Innovation Community and the Anschutz Medical Campus. Built in 1969, The property sits on a 0.44-acre lot, offers a gated entry, a playground, mature trees, a community garden and 24 off-street parking spaces. Each of the two 12-unit buildings are a three-story exterior walk-up with brick exterior. The unit mix consists of 20 2BD/1BA units and four 1BD/1 BA units. In the last year the property has had significant unit renovations including updated flooring, cabinets and countertops. Units are individually metered for electricity and master metered for gas and water. Each building has a hot water boiler that provides heat and hot water to the units. There is space to add an on-site coin operated laundry in each building that would provide additional income to the owner.
    Exterior Features

    Construction Materials Brick Construction Methods BrickConcreteFrame Exterior Features Playground Area Parking Parking Lot (24 Spaces) Parking Total Searchable 24 Road Surface Paved Road Roof Built-Up(Tar & Gravel)Rolled Roofing Structural Style Multi-Story Style Characteristics Low Rise (1-3) Unit Access Exterior Access

    Interior Features

    Basement Size None Cooling Air Conditioning-Individual Heating BaseboardHot WaterRadiant Heating Fuel Gas Laundry Availability Coin-OperatedShared Laundry in Building Laundry Location Ground Sq Ft Above 19100 Sq Ft Finished 20736

    Property Features

    Additional Information Income History AvailableIncome PotentialTenant Occupied Annual Expense Actual 95431 Annual Expense Proj 93690 Annual Income Actual 288667 Annual Income Proj 322232 Annual Net Income Actual 193236 Annual Net Income Proj 228542 Building Area Source County Records Building Name The Kimberly Building Type 5+ Plex (All Units)Low Rise (All Units) Capitalization Rate 6.80 Capitalization Rate Calculation Potential Contingent Approval Conditions None Known Has Hoa YN No Listing Financing CashConventional Owner Paid Utilities GasInsuranceMaintenanceProperty TaxTrashWater Potential Rental Income Annual 334560 Real Estate Taxes 10332 Reports Available Lead Based PaintLegal DescriptionP And L Available Seller Type Individual Status Conditions None Known Tax Amount 10332.00 Tax Year 2017 Transaction Type For Sale Unit Count 2 Water Annual Expense 17365 Zoning Res

    Listing courtesy of Marcus & Millichap Inc: MLS #8028079


    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The Griffith Home Team are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2019 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
    The Griffith Home Team
    9200 E. Panorama Circle, Unit 140
    Englewood CO, 80112
    Offered by Marcus & Millichap Inc.