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Dallas Landing Apartments 1960 Dallas St 35 Unit Apartment Building $4,025,000 ($115,000/Unit) 6.22% Cap Rate Aurora, CO 80010
Executive Summary
1960 Dallas 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 1592 Boston St. (32 units) for a total purchase price of $8,050,000. Contact listing broker for details. Motivated Seller! This property features a diverse unit mix of 15 three-bedroom apartments, 8 two-bedroom apartments, and 9 one-bedrooms—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 0.5 miles from Stanley Marketplace and just a short drive to both Lowry and the Central Park neighborhood. Less than 3 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. Located on a visible street with a steady flow of potential tenants.
Property Facts
| Price | $4,025,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $115,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.48 AC |
| Cap Rate | 6.22% | Building Size | 22,000 SF |
| No. Units | 35 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 1.45/1,000 SF |
| Zoning | R-4, Aurora | ||
| Price | $4,025,000 |
| Price Per Unit | $115,000 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 22,000 SF |
| No. Stories | 4 |
| Year Built | 1967 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | R-4, Aurora |
Amenities
Unit Amenities
- Disposal
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 650 |
| 2+1 | 6 | - | 750 |
| 3+2 | 15 | - | 950 |
| 5+2 | 1 | - | 1,400 |
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Walk Score®
Very Walkable (87)
Property Taxes
| Parcel Number | 1823-34-3-01-024 | Improvements Assessment | $257,580 |
| Land Assessment | $23,540 | Total Assessment | $281,120 |
Property Taxes
Parcel Number
1823-34-3-01-024
Land Assessment
$23,540
Improvements Assessment
$257,580
Total Assessment
$281,120
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Dallas Landing Apartments | 1960 Dallas St
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