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1933 Dallas St

8 Unit Apartment Building $1,863,480 CAD ($232,935 CAD/Unit) 5.69% Cap Rate Aurora, CO 80010

Investment Highlights

  • 4 of the 8 units are renovated
  • Several capital improvements - roof (2022), boiler (2021) and water heater (2021)
  • Onsite laundry and off-street parking
  • Three blocks to Stanley Marketplace and minutes to Anschutz Medical
  • RUBS in place for all units
  • Security fence with coded entry surrounding building and parking lot

Executive Summary

Exceptional opportunity to acquire a multifamily building, located just three blocks from the vibrant Stanley Marketplace. This property consists of two well-maintained buildings, each containing eight one-bedroom units, for a total of 16 units. Of these, ten units are renovated and six remain unrenovated. This immaculate property also consists of lower-level laundry rooms and off-street parking. The property features a gated entry system surrounding both the buildings and parking lot, offering an added layer of security. Several capital improvements have been made to help minimize future capital expenditure costs. With its proximity to Stanley Marketplace and a mix of renovated and unrenovated units, this property provides both immediate cash flow and significant future upside potential.
Please note: This building is sold in conjunction with 1923 Dallas St, Aurora, CO 80010. Total purchase price is $2.65M and current cap rate is 6.27%.

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,863,480 CAD
Price Per Unit $232,935 CAD
Sale Type Investment
Cap Rate 5.69%
Sale Conditions 1031 Exchange
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.15 AC
Building Size 3,978 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1957/2023
Parking Ratio 3.77/1,000 SF

Site Amenities

  • Fenced Lot
  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 $1,617 CAD 450 - 475
Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1823-34-3-02-022
Land Assessment
$3,629 CAD
Improvements Assessment
$116,351 CAD
Total Assessment
$119,980 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023

zoning

Zoning Code OA-RMU
OA-RMU
  • Listing ID: 33381722

  • Date on Market: 2024-10-02

  • Last Updated:

  • Address: 1933 Dallas St, Aurora, CO 80010

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