1530 Beeler St, Aurora, CO 80010

Property Description

Nine-unit apartment building in Original Aurora, just north of East Colfax. Built in 1951, the building offers nine 1-bedroom units with an open parking lot. The current rent roll totals $106,500 per year ($986 average, $875-$1,100 per unit, 100% occupied as provided by owner), for an estimated NOI of about $59,427 and a 6.6% cap rate at list price. In-place rents run below recent 5+ unit sales in 80010, leaving clear upside for a value-add buyer. Owner pays gas, water and trash. Bus service on East Colfax, with quick access to the Anschutz Medical Campus and Fitzsimons, Stanley Marketplace, I-225 and downtown Denver. Rent roll available to qualified buyers. Tours by appointment only; please do not disturb tenants. Expenses are estimates. Buyer to verify all information, including square footage, zoning, income and expenses.