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1475 Macon St 11 Unit Apartment Building $1,125,000 ($102,273/Unit) 7.36% Cap Rate Aurora, CO 80010
Investment Highlights
- Mostly 2 Bed/1 Bath Units
- Current 7.36% Cap Rate!
- Updates Include Newer Water Heater (2024), Windows, Fence & Granite Counter Tops in Some Units
- Priced at Only $102k per Unit - Well Below Comparable Sales
- (3) Attached Garages Can Provide Additional Income
- Laundry On-Site
Executive Summary
JUST LISTED! 11 Units in Aurora, 7.36% Actual CAP. Priced well below comparable properties at only $102k/unit, mostly 2 beds.
Data Room Click Here to Access
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$159,197
|
$15.39
|
| Other Income |
$7,336
|
$0.71
|
| Vacancy Loss |
$8,327
|
$0.81
|
| Effective Gross Income |
$158,206
|
$15.30
|
| Taxes |
$9,617
|
$0.93
|
| Operating Expenses |
$65,740
|
$6.36
|
| Total Expenses |
$75,357
|
$7.29
|
| Net Operating Income |
$82,849
|
$8.01
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $159,197 |
| Annual Per SF | $15.39 |
| Other Income | |
|---|---|
| Annual | $7,336 |
| Annual Per SF | $0.71 |
| Vacancy Loss | |
|---|---|
| Annual | $8,327 |
| Annual Per SF | $0.81 |
| Effective Gross Income | |
|---|---|
| Annual | $158,206 |
| Annual Per SF | $15.30 |
| Taxes | |
|---|---|
| Annual | $9,617 |
| Annual Per SF | $0.93 |
| Operating Expenses | |
|---|---|
| Annual | $65,740 |
| Annual Per SF | $6.36 |
| Total Expenses | |
|---|---|
| Annual | $75,357 |
| Annual Per SF | $7.29 |
| Net Operating Income | |
|---|---|
| Annual | $82,849 |
| Annual Per SF | $8.01 |
Property Facts
| Price | $1,125,000 | Building Class | C |
| Price Per Unit | $102,273 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 8,497 SF |
| Cap Rate | 7.36% | Average Occupancy | 72% |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | B-1 | ||
| Price | $1,125,000 |
| Price Per Unit | $102,273 |
| Sale Type | Investment |
| Cap Rate | 7.36% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,497 SF |
| Average Occupancy | 72% |
| No. Stories | 3 |
| Year Built | 1961 |
| Parking Ratio | 1.18/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B-1 |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Storage Space
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Refrigerator
- Tub/Shower
- Carpet
- Wi-Fi
Site Amenities
- 24 Hour Access
- Smoke Free
- Maintenance on site
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 650 |
| 2+1 | 8 | - | 850 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1973-02-1-07-010 | Total Assessment | $92,480 |
| Land Assessment | $0 | Annual Taxes | $9,617 ($1.13/SF) |
| Improvements Assessment | $0 | Tax Year | 2026 |
Property Taxes
Parcel Number
1973-02-1-07-010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$92,480
Annual Taxes
$9,617 ($1.13/SF)
Tax Year
2026
Contacts
-
Connor Knutson -
Josh Newell -
Will Sjogren -
Lindsey Santaularia -
Pinnacle Real Estate Advisors
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