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1601 Joliet Street Apartments 1645-1645 Joliet St 24 Unit Apartment Building $3,080,000 ($128,333/Unit) 6.31% Cap Rate Aurora, CO 80010
Investment Highlights
- Strategic Aurora Location Near Major Employment Drivers
- Recently Renovated Units with Additional Upside Potential
- Stable Workforce-Housing Investment with Incremental Upside
- Large and Growing Denver Metro Submarket with Diverse Workforce
- Rare Two-Bedroom-Heavy Unit Mix Supporting Strong Demand
Executive Summary
MMG Real Estate Advisors is pleased to present the opportunity to acquire 1601–1645 Joliet Street Apartments, a renovated multifamily asset located in Aurora, Colorado. Positioned within a major employment corridor of the Denver metro, the property benefits from proximity to leading healthcare, military, aerospace, bioscience, and
logistics employers. With renovated units, a rare two-bedroom-heavy unit mix, and clear potential for additional interior enhancements, the asset offers investors a stable workforce-housing investment with a defined path to incremental upside.
logistics employers. With renovated units, a rare two-bedroom-heavy unit mix, and clear potential for additional interior enhancements, the asset offers investors a stable workforce-housing investment with a defined path to incremental upside.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,080,000 | Apartment Style | Garden |
| Price Per Unit | $128,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.95 AC |
| Cap Rate | 6.31% | Building Size | 24,777 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R-3, Aurora | ||
| Price | $3,080,000 |
| Price Per Unit | $128,333 |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 24,777 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R-3, Aurora |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Refrigerator
- Tub/Shower
- Handrails
Site Amenities
- 24 Hour Access
- Fenced Lot
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,206 | 565 |
| 2+1 | 20 | $1,453 | 780 |
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1823-35-3-20-013 | Improvements Assessment | $51,810 (2025) |
| Land Assessment | $11,700 (2025) | Total Assessment | $63,510 (2025) |
Property Taxes
Parcel Number
1823-35-3-20-013
Land Assessment
$11,700 (2025)
Improvements Assessment
$51,810 (2025)
Total Assessment
$63,510 (2025)
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1601 Joliet Street Apartments | 1645-1645 Joliet St
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