1933 Dallas St
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1933 Dallas St
8 Unit Apartment Building $1,325,000 ($165,625/Unit) 5.69% Cap Rate Aurora, CO 80010
Investment Highlights
- 4 of the 8 units are renovated
- Several capital improvements - roof (2022), boiler (2021) and water heater (2021)
- Onsite laundry and off-street parking
- Three blocks to Stanley Marketplace and minutes to Anschutz Medical
- RUBS in place for all units
- Security fence with coded entry surrounding building and parking lot
Executive Summary
Exceptional opportunity to acquire a multifamily building, located just three blocks from the vibrant Stanley Marketplace. This property consists of two well-maintained buildings, each containing eight one-bedroom units, for a total of 16 units. Of these, ten units are renovated and six remain unrenovated. This immaculate property also consists of lower-level laundry rooms and off-street parking. The property features a gated entry system surrounding both the buildings and parking lot, offering an added layer of security. Several capital improvements have been made to help minimize future capital expenditure costs. With its proximity to Stanley Marketplace and a mix of renovated and unrenovated units, this property provides both immediate cash flow and significant future upside potential.
Please note: This building is sold in conjunction with 1923 Dallas St, Aurora, CO 80010. Total purchase price is $2.65M and current cap rate is 6.27%.
Please note: This building is sold in conjunction with 1923 Dallas St, Aurora, CO 80010. Total purchase price is $2.65M and current cap rate is 6.27%.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,325,000 | Apartment Style | Low Rise |
| Price Per Unit | $165,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.69% | Building Size | 3,978 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1957/2023 |
| Property Subtype | Apartment | Parking Ratio | 3.77/1,000 SF |
| Price | $1,325,000 |
| Price Per Unit | $165,625 |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| Sale Conditions | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,978 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2023 |
| Parking Ratio | 3.77/1,000 SF |
Site Amenities
- Fenced Lot
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,150 | 450 - 475 |
1 of 1
Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 1823-34-3-02-022 | Total Assessment | $85,310 |
| Land Assessment | $2,580 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $82,730 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
1823-34-3-02-022
Land Assessment
$2,580
Improvements Assessment
$82,730
Total Assessment
$85,310
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | OA-RMU |
| OA-RMU |
-
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1933 Dallas St
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