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1923-1933 Dallas Street Apartments 1923 Dallas St 8 Unit Apartment Building $925,000 ($115,625/Unit) 7.83% Cap Rate Aurora, CO 80010
INVESTMENT HIGHLIGHTS
- Minutes to the Anschutz Medical Campus and steps to the Montview Redevelopment District
- A secure, gated surface lot is available to all tenants
- New restaurants, hotels, medical and retail facilities nearby with an estimated 45,000 jobs recently added
- Sellers updated the units, you get to enjoy the increased revenues
EXECUTIVE SUMMARY
**1923 and 1933 Dallas St are being sold together for $1,850,000 or individually for $925,000 per building** This could be a very lucrative investment opportunity in a bustling redevelopment area of Aurora. Just 2.8 miles from the Anschutz Medical Campus, money is being invested to revamp this North Aurora locale! The current owners have spent the last couple of years updating several units within each building, increasing the rental revenues for these particular units. Our pro-forma analyses put this at a potential 7.5% or more cap rate. 1923 and 1933 Dallas Street can be sold together or separately at $950,000 each. The site sits adjacent to the Montview Redevelopment District and the proposed Dayton Street concept.
Reach out to Kelley: 303-810-8363 or Sally: 720-530-5661 for more info.
Reach out to Kelley: 303-810-8363 or Sally: 720-530-5661 for more info.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $925,000 | Apartment Style | Low-Rise |
| Price Per Unit | $115,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.83% | Building Size | 8,000 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 88% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 4.02/1,000 SF |
| Zoning | OA-RMU | ||
| Price | $925,000 |
| Price Per Unit | $115,625 |
| Sale Type | Investment |
| Cap Rate | 7.83% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 4.02/1,000 SF |
| Zoning | OA-RMU |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Microwave
- Refrigerator
- Stainless Steel Appliances
- Freezer
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 491 |
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 1823-34-3-02-021 | Total Assessment | $76,120 (2024) |
| Land Assessment | $7,140 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $68,980 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
1823-34-3-02-021
Land Assessment
$7,140 (2024)
Improvements Assessment
$68,980 (2024)
Total Assessment
$76,120 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1923-1933 Dallas Street Apartments | 1923 Dallas St
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