CO
Arapahoe
Aurora
80010
728 Emporia Street
728 Emporia Street, Aurora, CO 80010
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Listing Type
Commercial/Industrial
Listing Status
Active
49
$1,050,000

Home Details for 728 Emporia Street

Price
$1,050,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1944
Lot size acres
0.48
County
Arapahoe
Garage
2
Days on site
29
MLS Listing#
2943531
Property Description

Great cash flow property with excellent up side income potential. Rare six unit building that backs to a nice park in a predominately single family home neighborhood. Five of the units have enclosed private back yards and there are several garage/storage units on the property. Four of the six units have been rented by the same tenant since before the building was last sold approximately sixteen years ago, and the other two units have each been rented by the same tenants for approximately ten years, providing an extremely consistent revenue base. Property consists of a stand alone 1 bedroom alley house, 2 two bedroom units, and 3 four bedroom (some bedrooms may be non-conforming) multi bath units. Based on the current rents and 2025 actual insurance, RE taxes, and utility costs, the units are projected to currently produce $91,100 in net cash flow before maintenance/debt costs. Current owner believes that there is a significant opportunity to increase the current rent rates in the units’ current condition, and a much more meaningful opportunity to increase the overall rents and cash flow by updating each unit. Three of the units have separate entrances to the basement with potential to make separate additional apartments subject to zoning laws which Seller has not explored. Each of the units would benefit by updating, some significantly. The property is being sold as is in its current condition, although as noted below, Seller can provide financing to include financing updating costs. Seller is willing to finance 80% of the purchase price and 70% of approved updating costs for a qualified and approved buyer for up to nine months to allow a new buyer to potentially update units and improve the operating income before obtaining permanent financing. Asking price is for the property as is without any additional improvements or concessions paid for by the Seller. Please allow 7 days for acceptance.

Property Features
  • Utilities
    • Natural Gas Available
    • Electricity Available
    • Electricity Connected
    • Natural Gas Connected
    • Sewer Connected
  • Water Features
    • Public
  • Parking
    • Concrete
Listing Courtesy: Colorado Realty Resource - 303-726-6480
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EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112
Sheryll White Broker. 303 790 7200
Dawn Campbell
Associate Broker
Office
303 790 7200
Agent
303 408 3229
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