1320 Macon StAurora, CO 80010

  • Residential income properties
For Sale
$1,650,000 View listing

Property Details for 1320 Macon St

Year built
1962
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This exceptional 12-unit apartment building at 1320 Macon Street in Aurora, Colorado, presents a compelling investment opportunity. Built in 1962, this turnkey property boasts a strong pro-forma cap rate of 6.35% and an asking price of $1,650,000, translating to $137,500 per unit. All twelve units are configured as one-bedroom, one-bathroom apartments, catering to a significant demand in the area. The property's strategic location within Arapahoe County, zip code 80010, offers convenient access to Denver International Airport and benefits from a robust employment market. Over 200,000 jobs are within a 15-minute drive, with particularly high concentrations of medical employment nearby. This strong employment base, coupled with the fact that 55% of the population within a one-mile radius are renters, ensures consistent occupancy and rental income. The property's current cap rate stands at 5.74%, offering significant potential for future growth and return on investment. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving Colorado market. The property is situated at 39.7370404 latitude and -104.8550161 longitude.

1320 Macon St, Aurora, Colorado

Location Insight

City
Aurora
County
Arapahoe
State
Colorado
Latitude
39.737
Longitude
-104.855

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].