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Listing provided courtesy of Keller Williams Realty Urban Elite - MLS#REC3540613MLS Provider
Contact Information: MichelleDirect@kw.com,720-741-0613

1666 Alton StreetAurora, CO 80010

Commercial · 16,170 Sq. ft. | 0.44 Acres

$3,800,000 Active

Overview

Time on Site:
114 days
Visits:
8

Visit 1666Alton.com for more details. The Westcott Apartments are a total of 23 units, consisting of two buildings: 9108 E 17th and 1666 Alton Street. This turn-key investment consists of mainly two-bedroom units. All units have been updated and both buildings are currently fully occupied with strong leases in place. Building is mostly stabilized but offers some value-add potential! Each unit is individually metered for electricity. The owner pays for water, sewer, trash and gas. The Alton Street Apartments is a three story 'L' shaped brick building with a great unit mix of 2 one bedroom units, and 20 two bedroom units and 1 three bedroom unit. 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. As the medical campus continues its growth, employment in the area will only increase, making employees there and supporting businesses very likely to reach out into the surrounding area for rentals.

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Facts & Features

  • Type Commercial
  • Sq. ft. 16,170
  • Price/Sq.ft. $235
  • Lot 0.44 Acres

General

Income/Expenses
  • Gross Income: 339067
  • Operating Expense: 175326
  • Operating Expense Includes: Insurance,Maintenance,Professional Management,Real Estate Tax,Utilities
Listing Information
  • Dual Variable Compensation: true
Building Information
  • Year Built: 1973
Business Information
  • Current Use: Multi-Family
Location/Region
  • Country: US
  • County Or Parish: Adams
Rent/Lease Information
  • Tenant Pays: Electricity,Internet
Tax Information
  • Tax Annual Amount: 22162
  • Tax Year: 2022
General Information
  • Exclusions: Tenant's Personal Property
  • Parcel Number: R0094940
  • Property Sub Type: Multi-Family
  • Property Type: Commercial Sale

Interior

Parking Information
  • Garage Spaces: 0
Building Interior
  • Building Area Total: 16170
General Information
  • Leasable Area: 16170
  • Stories: 3

Exterior

Parking Information
  • Parking Total: 24
Lot Information
  • Lot Features: Corner Lot,Cul-De-Sac
  • Lot Size Acres: 0.44
  • Lot Size Area: 19050
  • Lot Size Square Feet: 19050
  • Lot Size Units: Square Feet
  • Water Source: Public
Building Exterior/Construction
  • Attached Garage: false
  • Construction Materials: Frame
  • Roof: Composition
  • Structure Type: Low Rise (1-3)
General Information
  • Carport Spaces: 0
  • Number Of Units Total: 23
  • Sewer: Public Sewer

Unit Information

Unit Details

    Neighborhood

    Community

    80010 (Aurora) Demographics
    32
    Median Age
    7,935
    Population Density (per sq. mile)
    23%
    College Educated
    $48,066
    Estimated Median Income
    5,069
    Estimated Total Home Owners
    8,222
    Estimated Total Renters
    38% / 62%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    Elementary Schools
    2
    Public
    Aurora Academy Charter School
    • Grades: KG - 8
    • Enrollment: 520
    1
    Public
    Boston K-8 School
    • Grades: PK - 8
    • Enrollment: 462
    1
    Public
    Vega Collegiate Academy
    • Grades: KG - 8
    • Enrollment: 237
    Middle Schools
    2
    Public
    Aurora Academy Charter School
    • Grades: KG - 8 /
    • Enrollment: 520
    1
    Public
    Boston K-8 School
    • Grades: PK - 8 /
    • Enrollment: 462
    1
    Public
    Vega Collegiate Academy
    • Grades: KG - 8 /
    • Enrollment: 237
    High Schools
    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    Monthly Cost

    $
    $ %
    %
    $
    $
    * Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

    Market Data

    Based on the last 30 days in this zip code

    $450,485
    Median Sales Price
    $322
    Median Price per Square Foot
    0
    Properties Sold
    71
    New on Market
    59
    Average Days on Market
    204
    Properties for Sale
    Calculations provided by Reliance Network