1644 Hanover St, Aurora, CO 80010
8 Unit Apartment Building | $1,400,000 ($175,000/Unit) | 6.44% Cap Rate | Aurora, CO 80010
For Sale
Active
Asking Price $1,400,000
- Property Type
-
Multifamily
- Square Feet
- 5,472 SF
Listing Contacts
Chris Mitton
Property Overview
Explore a solid investment option with our remodeled 8-unit property, conveniently situated near the thriving Stanley Marketplace Redevelopment and the Fitsimmons Medical Campus. Each unit is individually metered, accommodating long-term tenants seeking reliability and affordability. With a focus on steady cash flow, this property presents a reliable opportunity for consistent returns. The remodeled common areas and off-street parking add practical value, offering a comfortable and convenient living experience for residents while ensuring ease of management for investors.
Property Details
- Class
- C
- Year Built/Renovated
- 1969/2022
- Stories
- 2
- Lot Size (sq. ft)
- 6,534 SF
- Units
- 8
Highlights
- Enhanced peace of mind with a state-of-the-art $20,000 security system recently installed, ensuring the safety and security of residents and property
- Benefit from recently installed gutters, adding to the overall property value and protecting against weather-related damage, installed just last year.
- Newly renovated units, less than 18 months old, showcasing modern designs and amenities.
- Remodeled common area, boasting sleek new flooring and sophisticated design elements, creating a welcoming ambiance for all visitors.
- Separately metered electric for tenants’ control of energy usage and expenses
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