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1923 Dallas St Denver, CO 80010

Apartment buildings Google Maps
3,978 SF Built 1957
Estimated value
No estimation on file for this property yet.
Property ID US13-2442945

Property summary

AI-generated overview

Sally Ann Warren, Kelley Schneider and the Schneider Group are proud to present 1923 Dallas St Apartments. WOW! SELLER CARRY FINANCING AVAILABLE. Seller is willing to so seller carry with 10-20% down payment and 5% interest over 30-years with a 5-year balloon OR If you don't like these terms we can get very creative. This is an incredible investment opportunity. Own your own 8 unit apartment building in the bustling booming redevelopment area of Aurora. Just 2.8 miles from the Anschutz Medical Campus where money is being invested to revamp this North Aurora locale! The current owners have spent the last couple of years updating several units increasing the rental revenues for these units. Finish the remodel on the remaining units to maximize your revenues. Our pro-forma analyses put this at a potential 7% or more cap rate. Since you are in the MLS don't forget to see our sister listing at 1933 Dallas Street. Both properties are present in the Aerials and Photos attached to this listing. These properties can be sold together or separately at $1,150,000 each as they have separate legal descriptions. The site sits adjacent to the Montview Redevelopment District and the proposed Dayton Street concept. Dallas St is ideally located for workforce housing and residents looking to live an affordable lifestyle and still be close to Central Denver.

Property profile

Verified
Property type Apartment buildings
Year built 1957
Total area 3,978 SF
UPID US13-2442945

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Car Wash

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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