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    1680 Akron Street

    Aurora, CO 80010
    • $1,440,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: 3625346
    $1,440,000
    • 12
      BEDS
    • 0.22
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 7,780
      SQFT
    • $185
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:
    Area:

    School Information

    Elementary School:
    High School:
    School District:
    Offered by City Beautiful Real Estate.

    Description

    "The Kelly" is a 12 unit apartment building located in one of the most profitable sub-markets in metro Denver. The neighborhood continues to grow immensely and has enjoyed an average annual growth rate of 18% since 2012. The area is surrounded by new development with Stapleton & Stanley Marketplace to the north, Anschutz Medical Campus to the east, and Lowry to the south. The building sits on a peaceful, quiet block surrounded by single family homes. $10,000 in new, low maintenance landscaping provides great curb appeal for current and prospective tenants. The common areas and many of the apartment interiors have new hard surface flooring to give the building a modern feel while helping keep unit turnover costs low. Listed at just $1,440,000, The Kelly is being sold at the lowest price per door in metro Denver at $120,000 per unit. This price provides an unbeatable 7% cap rate on pro forma financials. A hidden gem just across the boarder from Denver, the building could be a great fit for any investor looking to outpace broader market returns in the coming years. Kellen Reilly 3 0 3 9 1 0 4 7 3 2

    Monthly Payment Calculator



    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 | Re/Max Professionals 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.

    © 2020 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.yourdenverhomesource.com/homes/110000934
    Print Image

    1680 Akron Street Aurora, CO 80010

    • Price: $1,440,000
    • Status: Active
    • ID#: 3625346
    12
    Beds
    12
    Baths
    0
    ½ Baths
    0.22
    Acres
    7,780
    SQFT
    $185
    $/SQFT
    1961
    Built
    Neighborhood:
    North Aurora
    County:
    Adams
    Area:
    Aurora
    Elementary School:
    Alsup
    Middle School:
    Community Leadership Academy
    High School:
    Adams City
    School District:
    Adams 14
    Property Description
    "The Kelly" is a 12 unit apartment building located in one of the most profitable sub-markets in metro Denver. The neighborhood continues to grow immensely and has enjoyed an average annual growth rate of 18% since 2012. The area is surrounded by new development with Stapleton & Stanley Marketplace to the north, Anschutz Medical Campus to the east, and Lowry to the south. The building sits on a peaceful, quiet block surrounded by single family homes. $10,000 in new, low maintenance landscaping provides great curb appeal for current and prospective tenants. The common areas and many of the apartment interiors have new hard surface flooring to give the building a modern feel while helping keep unit turnover costs low. Listed at just $1,440,000, The Kelly is being sold at the lowest price per door in metro Denver at $120,000 per unit. This price provides an unbeatable 7% cap rate on pro forma financials. A hidden gem just across the boarder from Denver, the building could be a great fit for any investor looking to outpace broader market returns in the coming years. Kellen Reilly 3 0 3 9 1 0 4 7 3 2
    Exterior Features

    Architectural Style High Rise Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Garage YN No Lot Size Square Feet 9525 Parking Total 11 Roof Other

    Interior Features

    Basement YN No Bathrooms Full 12 Bathrooms Half 0 Bathrooms One Quarter 0 Heating Baseboard Heating YN Yes Levels Three Or More Living Area Sq Ft 7780 Three Quarter Baths 0

    Property Features

    Above Grade Finished Area 7780 Association YN No Construction Materials Frame Exclusions None Listing Terms CashConventional1031 Exchange Ownership Agent Owner Property Sub Type Multi Family Special Listing Conditions None Tax Annual Amount 10427 Tax Year 2019

    Listing courtesy of City Beautiful Real Estate: MLS #3625346


    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 | Re/Max Professionals 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.

    © 2020 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
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    The Griffith Home Team | Re/Max Professionals
    9200 E. Panorama Circle, Unit 140
    Englewood CO, 80112
    Offered by City Beautiful Real Estate.