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Kingston Place 1350 Kingston St

10 Unit Apartment Building $1,450,000 ($145,000/Unit) 7.61% Cap Rate Aurora, CO 80010

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EXECUTIVE SUMMARY

-Large Unit Formats: 80% 2 & 3-Bed Unit Layouts; Within 0.30 miles, 50% of comparable product only offers small, studio/1-bed floorplans
-Roof replaced in 2022 & 75% of units have vinyl plank flooring (Bedrooms, Living Areas)
-Strong In-Place Returns: ~200 Bps of positive leverage & a 11.24% Cash-on-Cash return
-Aggressive Agency Financing Options Available Through Walker & Dunlop: ~5.35% Interest Rates, 70% LTV, & Interest-Only Options

Offering Memorandum

PROPERTY FACTS

Price	$1,450,000	Building Class	C
Price Per Unit	$145,000	Lot Size	0.29 AC
Sale Type	Investment	Building Size	8,236 SF
Cap Rate	7.61%	Average Occupancy	100%
No. Units	10	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1949/2021
Property Subtype	Apartment	Parking Ratio	1.2/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,450,000
Price Per Unit	$145,000
Sale Type	Investment
Cap Rate	7.61%
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.29 AC
Building Size	8,236 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1949/2021
Parking Ratio	1.2/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.