1320 Macon StAurora, CO 80010

Property Details for 1320 Macon St

Year built

1962

Property type

Apartment buildings

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.

Location Insight

City

Aurora

County

Arapahoe

State

Colorado

Latitude

39.737

Longitude

-104.855

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