10712 E Exposition AVE #209 Active

Aurora,CO 80012

$ 1505000

19 Beds

11 Baths

7360 SqFt


Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 7,360 sqft

Price per Sqft $204

Subdivision High Hollows

MLS Listing ID 7788253

Bedrooms 19

Condo Fees $3,423

HOA Fees $3,423/mo

Year Built 1973

Annual Tax Amount $4,868

Tax Year 2023

Property Description

7.8% real current cap rate!! 9% pro forma cap rate!!! 9 out of 10 units have tenants in place, making this cash flow on day one. This is a package of individual units in the same complex, not a purchase of the entire building - making upkeep a breeze. Scattered property loan available, which will not count against your conventional mortgage limit... I challenge you to find better cap rates anywhere in the Denver Metro Area! This is one of the most aggressive portfolios to hit the market in a long time. Cap rate includes ALL expenses - vacancy, maintenance, management fees, HOA fees, insurance, and taxes. The cap rate at current rents goes up to 8.7% if you self manage! A crazy 10% pro forma cap rate if you self manage!

Location

State CO

County Arapahoe

Interior

Heating Forced Air

Cooling Central Air

Exterior

Exterior Feature Balcony

Roof Type Composition

Building

Sewer Public Sewer

Water Public

Structure Type Wood Siding

Schools

Elementary Schools Highline Community

Middle Schools Prairie

High Schools Overland

School District Cherry Creek 5

Others

Acceptable Financing 1031 Exchange,Cash,Conventional

Listing Terms 1031 Exchange,Cash,Conventional

Special Listing Condition None

Pets Allowed Cats OK,Dogs OK

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