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13611 E Nevada Pl - Nevada Place Duplex 2 Unit Apartment Building Offered at $729,999 at a 6.25% Cap Rate Aurora, CO 80012
Executive Summary
Strong investment opportunity with an estimated current cap rate of approximately 6.25%, with the potential to reach up to approximately an 8% cap rate if rents are adjusted closer to comparable area rents. Side-by-side brick duplex in desirable Aurora Hills offering flexibility for both investors and owner-occupants. Each unit features 2 bedrooms and 1 bathroom on the main level, along with a spacious living area and functional kitchen layout. The finished basements in both units include an additional large living space, a conforming bedroom, and a second bathroom. Basement bathrooms have been recently remodeled, adding comfort and value. Each side also enjoys a private, fenced yard and a spacious patio, ideal for outdoor living. The basement layouts offer strong potential for separate living areas or future lock-off configurations, with the opportunity to create more distinct units by enclosing the utility spaces. Tenant occupied - must give 24 hour notice.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$59,040
|
$15.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$59,040
|
$15.43
|
| Taxes |
-
|
-
|
| Operating Expenses |
$11,720
|
$3.06
|
| Total Expenses |
$11,720
|
$3.06
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $59,040 |
| Annual Per SF | $15.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $59,040 |
| Annual Per SF | $15.43 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $11,720 |
| Annual Per SF | $3.06 |
| Total Expenses | |
|---|---|
| Annual | $11,720 |
| Annual Per SF | $3.06 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $729,999 | Lot Size | 0.17 AC |
| Price Per Unit | $365,000 | Building Size | 3,826 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.25% | Year Built | 1965 |
| No. Units | 2 | Parking Ratio | 1.05/1,000 SF |
| Property Type | Multifamily |
| Price | $729,999 |
| Price Per Unit | $365,000 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.17 AC |
| Building Size | 3,826 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 1.05/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+4 | 2 | $2,500 | 1,813 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
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13611 E Nevada Pl - Nevada Place Duplex
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