Homes for sale - 10712 E Exposition AVE #209, Aurora, CO 80012

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$1,505,000

Est. payment - /mo

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19 BD

11 BA

7,360 SqFt

New

10712 E Exposition AVE #209 Aurora, CO 80012

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Jerid Wempen

jerid@titanonerealty.com +1(720) 297-4020

UPDATED:

11/14/2024 08:40 PM

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

HOA Y/N Yes

Abv Grd Liv Area 7,360

Originating Board recolorado

Year Built 1973

Annual Tax Amount $549

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

Fireplace N

Appliance Dishwasher, Disposal, Oven, Range, Range Hood, Refrigerator

Exterior

Exterior Feature Balcony

Roof Type Composition

Total Parking Spaces 200

Garage No

Building

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Wood Siding

Schools

Elementary Schools Highline Community

Middle Schools Prairie

High Schools Overland

School District Cherry Creek 5

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

Pets Description Cats OK, Dogs OK

Listed by Keller Williams Realty Downtown LLC • Matt@DenverRealtyGuru.com,720-266-8040

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Jerid Wempen

Broker

+1(720) 297-4020