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$4,650,000
Est. payment /mo
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Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7979513
HOA Y/N No
Originating Board recolorado
Year Built 1979
Annual Tax Amount $21,155
Tax Year 2024
Property Sub-Type Multi-Family
Property Description
Pinon Place Apartments offers investors a compelling opportunity to acquire a well-maintained asset with significant upside potential in Aurora, Colorado. The property consists of 24 large two-bedroom units, each with in-unit laundry and a fireplace. A strategic investment of $7,500 per unit will allow for immediate rent increases and strong cash flow. The property's proximity to the Anschutz
Medical Campus, a major employer in the area, further enhances its appeal. With individual unit ownership and the potential for condo conversion, Pinon Place provides investors with flexible exit strategies. Don't miss this chance to acquire a prime asset in a dynamic submarket with a clear path to maximizing returns.
Medical Campus, a major employer in the area, further enhances its appeal. With individual unit ownership and the potential for condo conversion, Pinon Place provides investors with flexible exit strategies. Don't miss this chance to acquire a prime asset in a dynamic submarket with a clear path to maximizing returns.
Location
State CO
County Arapahoe
Interior
Fireplace N
Exterior
Garage No
Building
Sewer Public Sewer
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by MMGREA LLC • Nexus@gmail.com
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