1320 Macon St Aurora, CO 80010
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1320 Macon St
- Year built
- 1962
- Property type
- Commercial real estate
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.8550161
- Latitude
- 39.7370404
