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1677 Geneva St 12 Unit Apartment Building $1,375,000 ($114,583/Unit) 9.01% Cap Rate Aurora, CO 80010
Investment Highlights
- Great Unit Mix of (6) One-Bedroom/One-Bath Units & (6) Two-Bedroom/1-Bathroom Apartments
- Excellent Aurora Location (One Mile from Stanley Marketplace and One Mile from Anschutz Medical Campus)
- Well-Maintained Building with Significant Capital Improvements
- 13 Off-Street Parking Spaces
- On-Site Coin-Operated Laundry
- Majority of Units Have Already Been Updated
Executive Summary
JUST LISTED! 12-Unit Aurora Investment Opportunity - Over a 9% Cap Rate
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$193,068
|
$22.98
|
| Other Income |
$3,932
|
$0.47
|
| Vacancy Loss |
$15,445
|
$1.84
|
| Effective Gross Income |
$181,555
|
$21.61
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$57,728
|
$6.87
|
| Net Operating Income |
$123,827
|
$14.74
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $193,068 |
| Annual Per SF | $22.98 |
| Other Income | |
|---|---|
| Annual | $3,932 |
| Annual Per SF | $0.47 |
| Vacancy Loss | |
|---|---|
| Annual | $15,445 |
| Annual Per SF | $1.84 |
| Effective Gross Income | |
|---|---|
| Annual | $181,555 |
| Annual Per SF | $21.61 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $57,728 |
| Annual Per SF | $6.87 |
| Net Operating Income | |
|---|---|
| Annual | $123,827 |
| Annual Per SF | $14.74 |
Property Facts
| Price | $1,375,000 | Building Class | C |
| Price Per Unit | $114,583 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 9,360 SF |
| Cap Rate | 9.01% | Average Occupancy | 75% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.39/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-4 | ||
| Price | $1,375,000 |
| Price Per Unit | $114,583 |
| Sale Type | Investment |
| Cap Rate | 9.01% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,360 SF |
| Average Occupancy | 75% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | R-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 600 |
| 2+1 | 6 | - | 800 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1823-34-4-19-020 | Improvements Assessment | $98,820 |
| Land Assessment | $11,480 | Total Assessment | $110,300 |
Property Taxes
Parcel Number
1823-34-4-19-020
Land Assessment
$11,480
Improvements Assessment
$98,820
Total Assessment
$110,300
(303) 962-9543
x117
Contacts
-
Jim Knowlton -
Quentin Shore -
Chris Knowlton -
Jennifer King -
Pinnacle Real Estate Advisors
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1677 Geneva St
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