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$ 1,505,000
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$ 1,505,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2019030
HOA Y/N No
Originating Board recolorado
Year Built 1973
Annual Tax Amount $4,868
Tax Year 2023
Property Description
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!
Location
State CO
County Arapahoe
Interior
Fireplace N
Exterior
Exterior Feature Balcony
Parking Features Concrete
Utilities Available Cable Available, Electricity Connected, Phone Connected, Sewer Connected
Roof Type Composition
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Wood Siding
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Keller Williams Realty Downtown LLC • [email protected],720-266-8040
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