10712 E Exposition Ave #209 Active Save Request In-Person Tour Request Virtual Tour
Aurora,CO 80012
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 7,360 sqft
Price per Sqft $204
Subdivision High Hollows
MLS Listing ID 7788253
Style Ranch
Bedrooms 19
HOA Fees $3,423/mo
HOA Y/N true
Abv Grd Liv Area 7,360
Originating Board REcolorado
Year Built 1973
Annual Tax Amount $549
Property Description
7.8% real current cap rate!! 9% pro forma cap rate!!! 9 out of 10 units have tenants in place, making this cash flow on day one. This is a package of individual units in the same complex, not a purchase of the entire building - making upkeep a breeze. Scattered property loan available, which will not count against your conventional mortgage limit... I challenge you to find better cap rates anywhere in the Denver Metro Area! This is one of the most aggressive portfolios to hit the market in a long time. Cap rate includes ALL expenses - vacancy, maintenance, management fees, HOA fees, insurance, and taxes. The cap rate at current rents goes up to 8.7% if you self manage! A crazy 10% pro forma cap rate if you self manage!
Location
State CO
County Arapahoe
Area Metro Denver
Interior
Heating Forced Air
Cooling Central Air
Appliance Dishwasher,Refrigerator,Disposal
Exterior
Exterior Feature Balcony
Garage Spaces 200.0
Waterfront false
Roof Type Composition
Porch Patio
Building
Story 1
Sewer City Sewer,Public Sewer
Water City Water
Level or Stories One
Structure Type Wood Siding
New Construction false
Schools
Elementary Schools Highline Community
Middle Schools Prairie
High Schools Overland
School District Cherry Creek 5
Others
HOA Fee Include Trash,Snow Removal,Maintenance Structure
Senior Community false
SqFt Source Assessor