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10702-10792 E Exposition Ave - High Hollows
7,360 SF Flex Condo Unit Offered at $1,505,000 in Aurora, CO 80012
Investment Highlights
- Excellent Cap Rate!
- 10 units in a complex, not entire building
Executive Summary
7.8% real current cap rate!! 9% pro forma cap rate!!! 9 out of 10 units have tenants in place, making this cash flow on day one. This is a package of individual units in the same complex, not a purchase of the entire building - making upkeep a breeze. Scattered property loan available, which will not count against your conventional mortgage limit... I challenge you to find better cap rates anywhere in the Denver Metro Area! This is one of the most aggressive portfolios to hit the market in a long time. Cap rate includes ALL expenses - vacancy, maintenance, management fees, HOA fees, insurance, and taxes. The cap rate at current rents goes up to 8.7% if you self manage! A crazy 10% pro forma cap rate if you self manage!
Property Facts
| Price | $1,505,000 | Sale Type | Investment |
| Unit Size | 7,360 SF | Building Class | B |
| No. Units | 1 | Floors | 1 |
| Total Building Size | 95,127 SF | Typical Floor Size | 95,127 SF |
| Property Type | Multifamily (Condo) | Year Built | 1972 |
| Property Subtype | Apartment | Lot Size | 0.37 AC |
| Price | $1,505,000 |
| Unit Size | 7,360 SF |
| No. Units | 1 |
| Total Building Size | 95,127 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Sale Type | Investment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 95,127 SF |
| Year Built | 1972 |
| Lot Size | 0.37 AC |
1 Unit Available
Unit 10 Units
| Unit Size | 7,360 SF | Cap Rate | 7.77% |
| Price | $1,505,000 | NOI | $116,979 |
| Price Per SF | $204.48 | No. Parking Spaces | 200 |
| Condo Use | Flex | APN/Parcel ID | 1973-14-3-22-023 |
| Sale Type | Investment |
| Unit Size | 7,360 SF |
| Price | $1,505,000 |
| Price Per SF | $204.48 |
| Condo Use | Flex |
| Sale Type | Investment |
| Cap Rate | 7.77% |
| NOI | $116,979 |
| No. Parking Spaces | 200 |
| APN/Parcel ID | 1973-14-3-22-023 |
Sale Notes
7.8% real current cap rate!! 9% pro forma cap rate!!! 9 out of 10 units have tenants in place, making this cash flow on day one. This is a package of individual units in the same complex, not a purchase of the entire building making upkeep a breeze. Scattered property loan available, which will not count against your conventional mortgage limit... I challenge you to find better cap rates anywhere in the Denver Metro Area! This is one of the most aggressive portfolios to hit the market in a long time. Cap rate includes ALL expenses - vacancy, maintenance, management fees, HOA fees, insurance, and taxes. The cap rate at current rents goes up to 8.7% if you self manage! A crazy 10% pro forma cap rate if you self manage!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,550 | 1,008 |
| 2+1 | 7 | $1,748 | 761 |
| 1+1 | 1 | $1,400 | 581 |
| Studios | 1 | $1,288 | 444 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Kitchen
- Refrigerator
zoning
| Zoning Code | residential (residential) |
| residential (residential) |
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Matthew Collins - Colorado Collins Group, LLC
Presented by
Colorado Collins Group, LLC
10702-10792 E Exposition Ave - High Hollows
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