1733 Paris ST, Aurora, CO 80010 – 5811963 - Rabecca Ranaldi

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Rabecca Ranaldi

rabecca@exitrealtymtview.com +1(719) 426-0949

$1,035,000

Est. payment - /mo

6,534 Sqft Lot

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UPDATED:

09/24/2024 03:41 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5811963

HOA Y/N No

Originating Board recolorado

Year Built 1950

Annual Tax Amount $8,023

Tax Year 2023

Lot Size 6,534 Sqft

Acres 0.15

Property Description

VALUE ADD OPPORTUNITY!!! 8 unit apartment building one block from the Fitzsimons / Anschutz Medical Campus. All units are 1 Bed/1 Bath, four garden-level units and four upstairs units, many updated with vinyl plank flooring. The grounds are xeriscaped and the building has a NEW roof. The building is heated by a central boiler, master metered for gas and electric, tenants are bill $100 per month for utility use. There is space in the building to add a community laundry facility for residents, which would provide additional income to the new owner. There are eight off-street parking spaces to the rear of the property. Entry is through secure front and back doors. Built in 1950, 1733 Paris Street offers residents a prime location next to Fitzsimons / Anschutz Medical Campus and the rest of the Fitzsimons Innovation District as well as surrounding development. This is a value-add opportunity with an achievable 7.50%+ market capitalization rate though improved operations and increasing rents to market, neighboring building is renting the same 1 bed unit for $1300 per month. Given demand from traveling nurses at throughout the medical facilities at Fitzsimons, this creates option to convert leases to mid-term rentals. Mid-term rental rates typically increase monthly income by twenty percent. Please contact Matthew Berk (303) 328.2035, matthew.berk@marcusmillichap.com or Clayton Primm (303) 590-4537, Clayton.Primm@marcusmillichap.com for showings and property information.

Location

State CO

County Adams

Interior

Fireplace N

Exterior

Total Parking Spaces 8

Garage No

Building

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. • clayton.primm@marcusmillichap.com,303-328-2075

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Rabecca Ranaldi

+1(719) 426-0949

Broker Associate | License ID: FA 100080855

Broker Associate License ID: FA 100080855

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