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1634 Boston St Denver, CO 80010

For Sale
$825,000

Six-unit apartment building near Anschutz Medical Campus, income opportunity.

Lot size:
0.14 Acres

Property Features for 1634 Boston St

General Information

Lot size
0.14 Acres

Building Details

Year built
1961

Source: Real Broker, LLC DBA Real Agent Steven Pilkington

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Aurora Six-Plex Near Anschutz Campus

This six-plex is located at 1634 Boston St in Aurora, CO, and presents an income opportunity. It is situated minutes from the Anschutz Medical Campus and Children's Hospital. Currently, four out of the six units are under lease, yielding a Net Cap Rate of 4.32%, with a Net ProForma estimate of 13.13%. All units feature a 2-bed/1-bath layout, with rents ranging from $1,700 to $1,750. Rents include water and gas, while tenants are billed back for trash collection, electric, and internet/TV. The property is within walking distance of several parks, including Montview Park to the North and Aurora City Park to the East. Entertainment options are available at the Stanley Marketplace, including the Denver Biscuit Company, Logan Coffee House, and the Stanley Beer Hall, along with local boutiques just North of the building. Seller financing may be available with a 12-month term, 75% financing, 9.75% rate, interest only, and a 1.00% origination fee.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Denver
County
Arapahoe
State
Colorado
Longitude
-104.8795861
Latitude
39.7427133

FAQs

What type of property is this?
Apartment building - Six-unit apartment building near Anschutz Medical Campus, income opportunity.
Where is this apartment building located?
The property is located at 1634 Boston St Denver, CO.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: - High potential income opportunity with an impressive Net ProForma Cap Rate of 13.13%.; - Four out of six units are currently leased, providing immediate income.; - Prime location minutes from Anschutz Medical Campus and Children's Hospital.
More about this property
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