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728 Emporia St Aurora, CO 80010

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For Sale
$995,000

Six-unit multifamily property with income potential in Aurora, Colorado.

Property size:
8,459 SF
Lot size:
0.48 Acres

Property Features for 728 Emporia St

General Information

Standard status
Active
Size
8,459 SF
Lot size
0.48 Acres

Building Details

Year built
1944

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Listing Contact
Denise Weber
Source: Corcoran

Listing Agency: COLORADO REALTY RESOURCE Listing Agent: Denise Weber

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

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Overview

Six-Unit Multifamily Property in Aurora

This six-unit multifamily property is located in a neighborhood with predominantly single-family homes and backs onto a park. The property includes a stand-alone one-bedroom alley house, two two-bedroom units, and three four-bedroom units (some bedrooms may be non-conforming) with multiple bathrooms. Five units feature 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 tenants for approximately sixteen years, and the other two units have been rented by the same tenants for approximately ten years. Based on current rents and 2025 actual insurance, real estate taxes, and utility costs, the units are projected to produce $91,100 in net cash flow before maintenance and debt costs. There is an opportunity to increase current rent rates in the units' current condition, and a more meaningful opportunity to increase overall rents and cash flow by updating each unit. Three of the units have separate entrances to the basement with the potential to create additional apartments, subject to zoning laws. Each of the units would benefit from updating. The property is being sold as is in its current condition.
Location Intelligence

Current Use by Public Records

Apartment buildings

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Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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Location Insight

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City
Aurora
County
Arapahoe
State
Colorado
Longitude
-104.86
Latitude
39.7403

FAQs

What type of property is this?
Apartment building - Six-unit multifamily property with income potential in Aurora, Colorado.
Where is this apartment building located?
The property is located at 728 Emporia St Aurora, CO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: - Significant net cash flow of $91,100 annually (before maintenance/debt).; - Seller financing available for 80% of purchase price and 70% of updating costs.; - Consistent rental history with long-term tenants (10-16 years).
More about this property
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