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1996 Akron St 6 Unit Apartment Building $1,300,000 ($216,667/Unit) 7.73% Cap Rate Aurora, CO 80010
EXECUTIVE SUMMARY
The Unique Apartment Group is pleased to present 1996 Akron St, an attractive multi-family investment opportunity in Northwest Aurora, CO. This property features six spacious 2-bedroom, 1-bathroom units—highly sought-after in this immediate area. Each unit has undergone slight renovations, complemented by recent exterior updates, including windows and roofing. Opportunities remain to further elevate the property by updating interior appliances, enhancing tenant appeal and rental value. The building is individually metered for gas and electricity, which will help reduce ownership costs. 1996 Akron St is located in close proximity to new retail developments, Montview Park, and the popular Stanley Marketplace, providing tenants with convenient access to shopping, dining, and recreation. With strong tenant demand and excellent cash flow potential, this property presents a compelling investment opportunity in one of Aurora’s most dynamic submarkets.
PROPERTY FACTS
| Price | $1,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $216,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.73% | Building Size | 4,658 SF |
| Gross Rent Multiplier | 8.95 | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1962/2016 |
| Property Type | Multifamily | Parking Ratio | 1.28/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-4 | ||
| Price | $1,300,000 |
| Price Per Unit | $216,667 |
| Sale Type | Investment |
| Cap Rate | 7.73% |
| Gross Rent Multiplier | 8.95 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,658 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2016 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 850 |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 1823-34-3-06-002 | Improvements Assessment | $45,590 |
| Land Assessment | $7,030 | Total Assessment | $52,620 |
PROPERTY TAXES
Parcel Number
1823-34-3-06-002
Land Assessment
$7,030
Improvements Assessment
$45,590
Total Assessment
$52,620
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1996 Akron St
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