This property is Off-Market

10150 E. Virginia Ave. #1-104
Denver, CO 80247 ·

50 Units · Multifamily For Sale

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50 Condo/Townhome Bulk Sale - 8.6% Cap Rate!

Price N/A Property Use Type Investment
No. Units 50 Commission Split 2.5%
Building Size 39,551 SF Cap Rate 8.60%
Property Type Multifamily Year Built 1979
Property Sub-type Garden/Low-Rise
Listing ID: 17425876 Date Created: 11/22/2011 Last Updated: 04/26/2013

Description

A 50 unit bulk sale of 42 Condos, 7 Townhomes and 1 Single Family Home in Centennial, South Denver, and South Aurora. See attached spreadsheet of addresses, property info, pictures. The portfolio of assets has an average year built of 1979. The acquisition opportunity is truly unique due to its sheer size and newer vintage across the board. The portfolio should prove to be mostly "hands off" as the utilities, landscaping, snowplowing etc. are 99% covered by the tenants or in the HOA fees, for each asset. A great cash-on-cash return as a "Buy and Hold", as well as a flexible exit strategy as the market picks up steam.

The locations stretch along Greater Denver's Southeastern neighborhoods predominently, along the 225 and 25 Fwys.

Highlights

  • 15%-19% Scheduled Return!
  • Instant presence for a buyer with 50 APN's under his belt
  • Average Yr. built of 1979 across entire portfolio
  • HOA fees cover almost all recurring expenses
  • Residential Financing at all-time-low borrowing rates!
  • Tenants pay 99% of all recurring expenses!

Research

10150 E. Virginia Ave. #1-104, Denver, CO 80247 (Denver County)

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