1631 Clinton St Aurora, CO 80010
- Commercial real estate
- 3,660 SF
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1631 Clinton St
- Year built
- 1961
- Lot size
- 0.13 lot acres
- Property size
- 3,660 SF
- Property type
- Commercial real estate
Description
This exceptional six-unit apartment building, located at 1631 Clinton St in Aurora, Colorado, presents a compelling investment opportunity. Built in 1961 and completely renovated, this property boasts 3,660 square feet situated on a 0.13-acre lot. The building comprises two stories and offers a mix of spacious two and three-bedroom units, each meticulously updated with modern amenities while retaining classic charm. The asking price is $1,125,000, translating to $187,500 per unit and a price per square foot of $307.38. The property enjoys a current NOI of $77,304, representing a 6.87% cap rate, and a pro-forma NOI of $74,799, indicating a 6.65% pro-forma cap rate. Its prime location near Stanley Marketplace provides convenient access to dining, shopping, and entertainment, enhancing tenant appeal. The property benefits from a recently installed boiler and is self-managed, allowing for efficient operations and cost control. This turnkey investment offers low maintenance and the potential to attract high-quality tenants, making it an attractive addition to any portfolio. The property is located in Adams County, Colorado, zip code 80010.
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
- Adams
- State
- Colorado
- Longitude
- -104.87759544479
- Latitude
- 39.742573428458
