1422 Macon Street Aurora CO 80010 221956149 39.738377 -104.85483 60105 /listing/221956149-151082055/1422-macon-street-aurora-co-80010 False 0 3360000.0 20736 105 606 44 24 8028079 False 1969 0.44 0.44

1422 Macon Street

Aurora, CO 80010 MLS# 8028079

Under Contract 10/17/18
221956149 False False 39.738377 -104.85483 60105 /listing/221956149-151082055/1422-macon-street-aurora-co-80010 False 0 3360000.0 20736 105 44 24 8028079 False 47188316 0
$3,360,000
MLS# 8028079
Under Contract 10/17/18
  • 44 Bedrooms Beds
  • 24 Bath Baths
  • 20,736 Square Feet Sq.Ft
  • 0.44 Acres
  • 1969 Year Built Yr. Built

1422 Macon Street

Aurora, CO 80010 MLS# 8028079

Under Contract 10/17/18
221956149 39.738377 -104.85483 60105 /listing/221956149-151082055/1422-macon-street-aurora-co-80010 False 0 3360000.0 20736 105 44 24 8028079 False
$3,360,000
  • 44 Bedrooms
  • 24 Bath
  • 20,736 Square Feet
  • 0.44 Acres
  • 1969 Year Built

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Description

The Kimberly is a 24-unit multifamily community located in Aurora, approximately six blocks west of the Fitzsimons Innovation Community and the Anschutz Medical Campus. Built in 1969, The property sits on a 0.44-acre lot, offers a gated entry, a playground, mature trees, a community garden and 24 off-street parking spaces. Each of the two 12-unit buildings are a three-story exterior walk-up with brick exterior. The unit mix consists of 20 2BD/1BA units and four 1BD/1 BA units. In the last year the property has had significant unit renovations including updated flooring, cabinets and countertops. Units are individually metered for electricity and master metered for gas and water. Each building has a hot water boiler that provides heat and hot water to the units. There is space to add an on-site coin operated laundry in each building that would provide additional income to the owner.

Courtesy Of MARCUS & MILLICHAP INC

Listing Information

  • Property Type: Income
  • Property Subtype: Income
  • Style: Multi-Story
  • Building Style: Low Rise (1-3)
  • Locale: Aurora
  • Beds: 44
  • SqFt Finished: 20736
  • SqFt Above: 19100
  • PSF Above Grade: 175.92
  • PSF Finished: 162.04
  • PSF Total: 162.04
  • Lot Size Sq Ft: 19166.00
  • Total Acres: 0.44
  • PPA: 7636363.64
  • Construction: Brick, Concrete, Frame
  • Construction Materials: Brick
  • Year Built: 1969
  • Building Name: The Kimberly
  • Unit Access: Exterior Access
  • Additional Information: Income History Available, Income Potential, Tenant Occupied

Interior Features

  • Laundry Availability: Coin-operated, Shared Laundry in Building
  • Exclusions: Personal property owned by tenants.

Unit Info

  • 1 Bedroom

  • Average Rent: 973.00
  • Average SqFt: 650.00
  • Bathrooms: 1
  • Number of Units: 4
  • Unit Type: 1 Bedroom
  • 2 Bedroom

  • Average Rent: 1103.00
  • Average SqFt: 825.00
  • Bathrooms: 1
  • Number of Units: 20
  • Unit Type: 2 Bedroom

Room Details

  • Basement Size: None

Parking/Garage

  • Parking Lot

  • Parking Spaces Number Of: 24
  • Parking Type: Parking Lot
  • Parking Total Searchable: 24
  • Total Carport Spaces: 0
  • Total Offstreet Spaces: 24
  • Total Reserved Spaces: 0
  • Total RV Spaces: 0

Community/Neighborhood Information

  • Walk Score: 57

HOA

  • HOA YN: N

Financial Considerations

  • Owner Pays Utilities: Gas, Insurance, Maintenance, Property Tax, Trash, Water
  • Tenant Pays: Electricity
  • Utilities Metering: Common Gas, Common Water, Separate Electric
  • Annual Expense Proj: 93690
  • Annual Expenses: 95431
  • Annual Income: 4400
  • Annual Income Proj: 322232
  • Annual Net Income Proj: 228542
  • Annual Water Expense: 17365
  • Cap Rate: 6.80
  • Cap Rate Calculation: Potential
  • Electric Exp: 11359
  • Gross Income: 288667
  • Gross Operating Income: 322232
  • Insurance Expense: 11021
  • Maintenance Exp: 15600
  • Net Operating Income: 193236
  • Offsite Management Annual Expens: 19334
  • Other Expense: 3279
  • Potential Rental Income Annual: 334560
  • Real Estate Taxes: 10332
  • Tax Amount: 10332.00
  • Tax ID: 1973-02-1-06-007
  • Tax Year: 2017
  • Vacancy Credit Losses: 16728

Utilities & Green Home Features

  • Cooling: Air Conditioning-Individual
  • Heating: Baseboard, Hot Water, Radiant
  • Heating Fuel: Gas
  • Utilities: Cable TV, Internet Access (Wired), Telephone

Exterior & Lot Features

  • Roof: Built-Up(Tar & Gravel), Rolled Roofing
  • Exterior Features: Playground Area
  • Road Surface: Paved Road
  • Zoning: RES

Schools Near 1422 Macon Street Aurora, CO

District: Adams-Arapahoe 28J
Schools:

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