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1129 Akron St 13 Unit Apartment Building $1,625,000 ($125,000/Unit) 9.46% Cap Rate Aurora, CO 80010
Investment Highlights
- Updated bathrooms, wall tile, cabinetry, countertops, and double-paned windows throughout.
- Current rents below comparable renovated product in the corridor, with room for growth as units turn
Executive Summary
MMG Real Estate Advisors is pleased to present the rare opportunity to acquire a four-property, 94-unit multifamily portfolio in East Denver. The portfolio consists of 1474 Xenia Street (13 units), 1129 Akron Street (13 units), 1205 Yosemite Street (20 units), and 1345–1363 Yosemite Street (48 units). Properties can be purchased together, or separately. All four properties are 90% occupied, located within 1-2 miles of each other in the East Colfax and Lowry submarkets, and share a consistent workforce housing profile with strong in-place income, recent capital improvements, and meaningful value-add upside. Together, they offer an investor the scale, operational efficiency, and submarket concentration that individual acquisitions cannot replicate.
Property Facts
| Price | $1,625,000 | Apartment Style | Low-Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 9.46% | Building Size | 7,290 SF |
| No. Units | 13 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1957 |
| Price | $1,625,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 9.46% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 7,290 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1957 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | $1,291 | 1,241 |
| 2+1 | 2 | $1,450 | 1,300 |
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Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1973-03-2-35-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $97,500 |
Property Taxes
Parcel Number
1973-03-2-35-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$97,500
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1129 Akron St
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