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The Bostonian Apartments 1592 Boston St 32 Unit Apartment Building $4,025,000 ($125,781/Unit) 7.95% Cap Rate Aurora, CO 80010
INVESTMENT HIGHLIGHTS
- Portfolio of 2 Multifamily Buildings in the 80010 zip code | 64 Units | total purchase price of $8,050,000
- All Offers Must be Submitted to Lenders for Approval
- Proximity to Affluent Neighborhoods – Bordering Central Park Denver, Lowry, and Stapleton, supporting long-term appreciation
- Short Sale / Pre-Foreclosure Status
- Significant Capital Improvements Completed – Seller has invested in extensive CapEx across the portfolio, with all units remodeled to C-class
- In-House Management Team Available – Seller will convey the existing team: 2 leasing agents/property managers, 1 bookkeeper, 2 maintenance staff
EXECUTIVE SUMMARY
1592 Boston St is a freshly repainted 32-unit multifamily building in North Aurora with significant upside and is being marketed exclusively as part of a combined 64-unit portfolio, together with 1960 Dallas St (32 units) for a total purchase price of $8,050,000. Must call for details on the full portfolio sale. Motivated Seller! This property features a diverse unit mix of 15 three-bedroom apartments, 13 two-bedroom apartments, 1 one-bedroom, and 3 studio units—offering strong rent growth potential. It Includes a laundry room with seller owned washer and dryers for additional income. Building is up to code to collect higher section 8 income. Prime location in a high-demand rental area with strong tenant demand. Just 0.6 miles from the Anschutz Medical Campus, home to UCHealth University of Colorado Hospital, Children’s Hospital Colorado, and the Rocky Mountain Regional VA Medical Center—one of the largest medical hubs in the state. Less than 1 mile to Stanley Marketplace, and just a short drive to both Lowry and the Central Park neighborhood. Located on a visible street with a steady flow of potential tenants.
PROPERTY FACTS
| Price | $4,025,000 | Apartment Style | Low-Rise |
| Price Per Unit | $125,781 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.50 AC |
| Cap Rate | 7.95% | Building Size | 24,432 SF |
| No. Units | 32 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.02/1,000 SF |
| Zoning | OA - MS - Original Aurora Main Street | ||
| Price | $4,025,000 |
| Price Per Unit | $125,781 |
| Sale Type | Investment |
| Cap Rate | 7.95% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 24,432 SF |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 1.02/1,000 SF |
| Zoning | OA - MS - Original Aurora Main Street |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $975.00 | 500 |
| 1+1 | 1 | $1,350 | 500 |
| 2+1 | 13 | $1,650 | 700 |
| 3+1 | 12 | $2,000 | 850 |
| 3+2 | 3 | $2,200 | 850 |
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Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 1823-34-3-28-019 | Improvements Assessment | $247,250 |
| Land Assessment | $19,690 | Total Assessment | $266,940 |
PROPERTY TAXES
Parcel Number
1823-34-3-28-019
Land Assessment
$19,690
Improvements Assessment
$247,250
Total Assessment
$266,940
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The Bostonian Apartments | 1592 Boston St
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