10712 E Exposition AVE #209 new to site Save Request In-Person Tour Request Virtual Tour
Aurora,CO 80012
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 7,360 sqft
Price per Sqft $204
Subdivision High Hollows
MLS Listing ID 7788253
Bedrooms 19
Condo Fees $3,423
HOA Fees $3,423/mo
HOA Y/N Yes
Originating Board recolorado
Year Built 1973
Annual Tax Amount $549
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
Heating Forced Air
Cooling Central Air
Fireplace N
Appliance Dishwasher,Disposal,Oven,Range,Range Hood,Refrigerator
Exterior
Exterior Feature Balcony
Roof Type Composition
Total Parking Spaces 200
Garage No
Building
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Wood Siding
Schools
Elementary Schools Highline Community
Middle Schools Prairie
High Schools Overland
School District Cherry Creek 5
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition None
Pets Description Cats OK,Dogs OK