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1610 Boston St 8 Unit Apartment Building $1,080,000 ($135,000/Unit) 6.89% Cap Rate Aurora, CO 80010
INVESTMENT HIGHLIGHTS
- Eight-unit apartment building in Aurora with a balanced unit mix (1 one-bedroom and 7 two-bedrooms).
- Recent capital improvements including a new roof, boiler repairs, updated bathrooms, and a new security system.
- Strong in-place cash flow with value-add potential through interior upgrades or rent optimization.
- Prime location near transit, employment centers, and community amenities in the growing Denver Metro submarket.
EXECUTIVE SUMMARY
1610 Boston Street is a two-story, eight-unit apartment building located in Aurora, Colorado, within Adams County. Constructed in 1970, the property features one building with a well-balanced unit mix, offering strong in-place cash flow and future value-add potential. The unit mix consists of one one-bedroom, one-bath unit at approximately 550 square feet, and seven two-bedroom, one-bath units at approximately 700 square feet each. Recent capital improvements include a new roof installed three years ago, recent
boiler repairs, several updated bathrooms throughout the property, and a new security system providing enhanced safety for residents. These updates position the asset well for a new owner seeking a stabilized investment with modest upside potential through continued interior upgrades or rent optimization. Located near major transit routes, employment centers, and community amenities, 1610 Boston St presents an attractive multifamily investment in a growing submarket of the Denver Metro area.
boiler repairs, several updated bathrooms throughout the property, and a new security system providing enhanced safety for residents. These updates position the asset well for a new owner seeking a stabilized investment with modest upside potential through continued interior upgrades or rent optimization. Located near major transit routes, employment centers, and community amenities, 1610 Boston St presents an attractive multifamily investment in a growing submarket of the Denver Metro area.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,080,000 | Building Class | C |
| Price Per Unit | $135,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 5,450 SF |
| Cap Rate | 6.89% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-4, Aurora | ||
| Price | $1,080,000 |
| Price Per Unit | $135,000 |
| Sale Type | Investment |
| Cap Rate | 6.89% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,450 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | R-4, Aurora |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,300 | 550 |
| 2+1 | 7 | $1,300 | 700 |
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PROPERTY TAXES
| Parcel Number | 1823-34-3-19-010 | Improvements Assessment | $64,360 |
| Land Assessment | $7,140 | Total Assessment | $71,500 |
PROPERTY TAXES
Parcel Number
1823-34-3-19-010
Land Assessment
$7,140
Improvements Assessment
$64,360
Total Assessment
$71,500
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1610 Boston St
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