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14280 E 22nd Pl 3 Unit Apartment Building $1,075,000 ($358,333/Unit) 6.46% Cap Rate Aurora, CO 80011
EXECUTIVE SUMMARY
Conveniently situated less than one mile from the Children's Hospital Colorado Anschutz Medical Campus, 14280 E 22nd Pl in Aurora is a 3-unit apartment building, including three large townhome style three-bedroom, one and one half-bathroom residences. Built in 1973 with classic brick and frame construction and a composition shingle pitched roof, this property has undergone extensive renovations to two of the units, featuring updated flooring, cabinets, countertops, and bathrooms. Each unit boasts individual AC units and in unit washer and dryer hook ups for personalized comfort. The property is individually metered for gas and electric, which are tenant paid, making this a hassle-free investment. With its prime location 14280 E 22nd Pl, Aurora offers a value-add opportunity to investors with immediate cashflow. This property is perfect for first time home buyers and house hackers alike. Two of the three units are fully leased. This allows the opportunity for investors to live in the last turnkey unit and capitalize on the strong cashflow!
PROPERTY FACTS
| Price | $1,075,000 | Property Subtype | Apartment |
| Price Per Unit | $358,333 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.46% | Lot Size | 0.29 AC |
| Gross Rent Multiplier | 13.43 | Building Size | 4,851 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Price | $1,075,000 |
| Price Per Unit | $358,333 |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| Gross Rent Multiplier | 13.43 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 4,851 SF |
| No. Stories | 2 |
| Year Built | 1973 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 3 | - | - |
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14280 E 22nd Pl
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