1680 Akron Street $1,440,000

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    1680 Akron Street Aurora, CO 80010

    • 12 Beds
    • 12 Baths
    • 7,780 sq. ft.
    • Multi-Family
    • Listing# 3625346
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    Views: 5 Days On Site: 45

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    Property Details

    "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

    • General Features
      • Year Built 1961
      • Tax Year 2019
      • Tax Annual Amount 10427.0
      • Special Listing Conditions None
      • Exclusions None
      • County Or Parish Adams
      • Carport Y/N No
      • Association Y/N No
    • Building Features
      • Above Grade Finished Area 7780.0
      • Attached Garage Y/N No
      • Architectural Style High Rise
      • Construction Materials Frame
      • Building Area Total 7780.0
      • Three-Qtr Bathrooms 0
      • One-Qtr Bathrooms 0
      • Half Bathrooms 0
      • Full Bathrooms 12
      • Roof Other
      • Middle Or Junior School District Adams 14
      • Middle Or Junior School Community Leadership Academy
      • Main Level Bedrooms 4
      • Main Level Bathrooms 4
      • Living Area 7780.0
      • Heating Baseboard
      • Levels Three Or More
    • Property Features
      • Covered Spaces 0.0
      • Garage Spaces 0.0
      • Lot Size Acres 0.22
      • Lot Size Square Feet 9525.0
      • Parking Total 11.0
    • Schools
      • High School District Adams 14
      • High School Adams City
      • Elementary School District Adams 14
      • Elementary School Alsup

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    Neighborhood

    80010 (Aurora) Demographics

    30 Median Age
    7,906 Population Density (per sq. mile)
    18% College Educated
    $36,754 Estimated Median Income
    4,479 Estimated Total Home Owners
    8,611 Estimated Total Renters
    34% / 66% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    43,389 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $305,500 Median Sales Price
    28 Homes Sold
    48 New On Market

    Average Days on Site

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.