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$ 2,550,000
Est. payment | /mo
0.27 Acres Lot
$ 2,550,000
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5428901
HOA Y/N No
Originating Board recolorado
Year Built 1971
Annual Tax Amount $22,818
Tax Year 2023
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Multi-Family
Property Description
1995 & 1997 Akron Street is a 20-unit apartment community located on the Denver/Aurora border next to Denver's popular Central Park neighborhood. The property is walking distance to schools, employment, public transportation, and the Stanley Marketplace. Built in 1971, both buildings are all-brick with pitched roofs. They have secured entry to an interior hallway. 1995 Akron Street is a two-story building with eight units - one studio and seven one-bedroom units. 1997 Akron Street is a three-story building with 12 units - one studio and 11 one-bedroom units. The units in each building share a floor plan.
All units are individually metered for electricity, which is paid by the tenants. There is a central boiler in each building that provides heat and hot water. Each building is master metered for gas and water/sewer, which is paid by the owner and currently included in the rent. Future owners may decide to bill these utilities back to the residents. Some of the units have been updated with vinyl plank flooring, while many still have carpet. There are on-site seller-owned laundry machines that provide additional income for the owner. There are 20 off-street parking spaces and 10 of these spaces have room for a tandem space, for a total of 30 spaces.
These properties have been well maintained by the same family for almost 30 years. There is rarely any vacancy and many long-term residents. A new owner has the opportunity to take over a turnkey asset with immediate upside in rental income.
CONTACT AGENTS FOR MARKETING PACKAGE & FINANCIAL INFO.
All units are individually metered for electricity, which is paid by the tenants. There is a central boiler in each building that provides heat and hot water. Each building is master metered for gas and water/sewer, which is paid by the owner and currently included in the rent. Future owners may decide to bill these utilities back to the residents. Some of the units have been updated with vinyl plank flooring, while many still have carpet. There are on-site seller-owned laundry machines that provide additional income for the owner. There are 20 off-street parking spaces and 10 of these spaces have room for a tandem space, for a total of 30 spaces.
These properties have been well maintained by the same family for almost 30 years. There is rarely any vacancy and many long-term residents. A new owner has the opportunity to take over a turnkey asset with immediate upside in rental income.
CONTACT AGENTS FOR MARKETING PACKAGE & FINANCIAL INFO.
Location
State CO
County Adams
Interior
Fireplace N
Exterior
Roof Type Composition
Total Parking Spaces 20
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. • clayton.primm@marcusmillichap.com,303-328-2075
MORTGAGE CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.
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