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50 Condo/Townhome Bulk Sale - 8.6% Cap Rate!
10150 E. Virginia Ave. #1-104, Denver, CO 80247
50 Units | Multifamily
Typical Condo in the Portfolio
Multifamily Property - Off Market
- No. Units:
- Building Size:
- 39,551 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Commission Split:
- Cap Rate:
- Year Built:
- Listing ID
- Last Updated
- 316 days ago
- 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!
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.
Map of 10150 E. Virginia Ave. #1-104, Denver, CO 80247 (Denver County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO