2070 Chambers Road

Aurora, CO 80011
  $1,500,000  Active

12-03-2019 12:12pm

Property Description

8% Cap! Turn-key 8 unit multi-family on a large 36,000 square foot lot. Property consist of four buildings: One triplex, two duplexes and one detached single-family house on one lot. All units have been updated and there is a spacious parking lot. This investment offers some value-add opportunity to remodel or build to improve the property and increase income. Unused land provides the potential to possibly build additional apartment units or storage units. Located in the hot rental market of North Aurora. Just minutes away from the CU Medical Center Campus, VA Hospital and Children's Hospital, Close to Denver International Airport and public transportation. Investor special!

Listing Details

MLS#
1774561
MLS Originator
REcolorado (Denver)
Original Price
$1,500,000
Nearby Attraction
Adjacent to Greenbelt

Property Details

Property
Income
Property Subtype
Income
Status
Active
Last Update
12-03-2019 12:12pm
Bedrooms
20
Bathrooms
8
SqFt
4029
Year Built
1965
Der PSF Total
372.30

Map

Property Level and Sizes

SqFt Lot
35893.00
SqFt Finished
4029
SqFt Basement
800
SqFt Above
3229

Financial Details

Previous Year Tax
$5,991
Terms and Conditions
Cash, Conventional, FHA, VA
Owner Paid Utilities
Property Tax,Trash,Water
Transaction Type
For Sale

Interior Details

Cooling
Air Conditioning-Central
Heating
Forced Air
Heating Fuel
Gas

Room Details

Laundry Availability
None

Exterior Details

General
Adjacent to Greenbelt
Base Type
Walk-Out
Base Finished
Yes
Base Floor Plan
Slab
Base Size
Partial
Basement Finished %
100
Parking Spaces
1
Vehicle Spaces
10
Type
# of Space
L x W
Description
Parking Lot
10
-
Plenty of parking

Exterior Construction

Building Type
5+ Plex (all units)
Structure
Ranch/1 Story
Roof
Composition Shingles
Construction
Stucco
Construction Method
Frame
Builder Source
County Records

Schools

School District
Adams-Arapahoe 28J
Elementary School
Altura
Middle School
North
High School
Hinkley

Condominium Projections

Annual Actual Expenses
29215
Annual Projected Expenses
29215
Annual Actual Income
91454
Annual Projected Income
148884
Annual Actual Net Income
62239
Annual Projected Net Income
119669
Unit Furnished
0

Land Details

PPA
1829268.29
Lot Width
0.00

Contact Agent

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