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Listing 19 out of 1,446
Sold for $1,200,000 Sold

1467 Joliet Street
Aurora, CO 80010

14 beds | Income
3,869 sq ft; lot: 8712 sq ft lot - MLS# 1855101
Property Photo

Sold

Sold for $1,200,000 on Apr 23, 2019

Description

8% Cap Rate! Excellent 9 unit apartment building located in North Aurora just minutes away from the Anschutz Medical Campus, Stapleton, Lowry and a straight shot down Colfax Avenue into Downtown Denver. Contact listing agent, Michelle Thomas for details: 720.515.6464. Strong leases are in place. Excellent Cash Flow and all units have been updated. This well-maintained brick building includes a parking lot with 9 spaces, onsite washer and dryer, and a newer boiler system less than 4 years old. Easy access to public transportation.

Features

  • Property Type: Income
  • Sub Type: Income
  • Listing Status: Sold
  • Listing Price: $1,200,000
  • County/Area: Arapahoe County
  • Zip Code: 80010
  • Year Built: 1952
  • Subdivision/Neighborhood: North Aurora
  • School District: Adams-Arapahoe 28j
  • Elementary School: Kenton
  • Middle School: East
  • High School: Aurora Central
  • Sq.Ft.: 3,869 sq ft
  • Style: Ranch/1 Story, Low Rise (1-3)
  • Stories: Ranch/1 Story
  • Units: 9 units
  • Bedrooms: 14
  • Basement: Partial, Walk-Out
  • # of Parking Spaces: 9
  • Lot Size: 8712 sq ft lot
  • Zoning: Apartment 9-20 Units
  • Additional Information: 1031 Exchange
  • Annual Expense Actual: 23820
  • Annual Expense Proj: 33012
  • Annual Income Actual: 128071
  • Annual Income Proj: 131317
  • Annual Net Income Actual: 104251
  • Annual Net Income Proj: 98305
  • Basement Floor Type: Slab
  • Building Area Source: County Records
  • Building Type: 5+ Plex (All Units)
  • Cap Rate: 8.70
  • Construction Materials: Brick
  • Construction Methods: Brick
  • Cooling: Air Conditioning-Room
  • Electric Expense: 1000
  • Gas Expense: 1990
  • Heating: Forced Air
  • Heating Fuel: Hot Water
  • Insurance Expense: 3780
  • Laundry Availability: Coin-Operated, Shared Laundry In Building, Washer/Dryer Included
  • Laundry Location: Basement
  • Lot Size Sq Ft: 8494.00
  • Maintenance Expense: 8200
  • Other Expense: 1800
  • Other Income Annual: 320
  • Parking Count: 1
  • Potential Rental Income Annual: 131317
  • Real Estate Taxes: 3278
  • Rentals Allowed: Long Term, Short Term
  • Roofing: Rolled Roofing
  • Seller Type: Individual
  • Selling Agent: Andrea Lewis
  • Selling Office: Re/Max Professionals
  • Sq Ft Above: 3869
  • Sq Ft Basement: 300
  • Sq Ft Finished: 3869
  • Sqft Total: 4169
  • Structural Style: Ranch/1 Story
  • Style Characteristics: Low Rise (1-3)
  • Tax Amount: 3278.00
  • Tax Year: 2017
  • Total Offstreet Spaces: 9
  • Unit Count: 9
  • Water Annual Expense: 2772
  • Sold Price: 1200000.00
  • Sold Date: 2019-04-23
Courtesy of Keller Williams Realty Downtown Llc

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