1923-1933 Dallas St Aurora, CO 80010

Property Details for 1923-1933 Dallas St

Year built

1957

Lot size

0.29 lot acres

Property size

7,956 SF

Property type

Multifamily properties

Description

This exceptional Aurora, CO multifamily investment presents a unique opportunity to acquire a well-maintained 16-unit property situated on a 0.29-acre lot at 1923-1933 Dallas Street. The property comprises two buildings, each housing eight one-bedroom units, totaling 7,956 square feet. Ten units have undergone recent renovations, while six units offer value-add potential through future upgrades. The property boasts significant advantages including lower-level laundry facilities conveniently located for residents, and ample off-street parking. A gated entry system enhances security for both the buildings and the parking area. The strategic location, just three blocks from the bustling Stanley Marketplace, ensures high occupancy rates and strong rental demand. Prior capital improvements have been implemented to minimize future maintenance expenses, providing a stable and predictable income stream. This property offers a compelling blend of immediate cash flow from the renovated units and substantial upside potential through the renovation of the remaining units, making it an attractive investment for both seasoned and emerging real estate investors. The asking price is $2,550,000.