39.742134 -104.81219
1601 Fraser Court Aurora CO 80011 258621885 39.742134 -104.81219 60105 /listing/258621885-151082055/1601-fraser-court-aurora-co-80011 False 0 1890000.0 9000 101 100 20 16 6063019 False 2012 0.20 0.20

1601 Fraser Court

Aurora, CO 80011 MLS# 6063019

Active 12/13/19

258621885 False False 39.742134 -104.81219 60105 /listing/258621885-151082055/1601-fraser-court-aurora-co-80011 False 0 1890000.0 9000 101 20 16 6063019 False 63642978 0
$1,890,000
$110,000
MLS# 6063019
Active 12/13/19
  1. Listed on 12/13/19
  • 20 Bedrooms Beds
  • 16 Bath Baths
  • 9,000 Square Feet Sq.Ft
  • 0.20 Acres
  • 2012 Year Built Yr. Built
1601 Fraser Court Aurora, CO 80011 MLS# 6063019
Active 12/13/19
258621885 39.742134 -104.81219 60105 /listing/258621885-151082055/1601-fraser-court-aurora-co-80011 False 0 1890000.0 9000 101 20 16 6063019 False
$1,890,000
$110,000
  • 20 Bedrooms
  • 16 Bath
  • 9,000 Square Feet
  • 0.20 Acres
  • 2012 Year Built
  1. Listed on 12/13/19
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Description

Marcus & Millichap is pleased to present 1601 Fraser Court in Aurora. This eight-unit property, located within a larger gated community, offers residents large two and three-bedroom floor plans. For more detailed unit descriptions, please see the "Rent Roll Summary" page.Located just North of Colfax and blocks from interstate 225, 1601 Fraser Court sits in a prime location. The community offers residents ample off-street parking, easy access to shopping and dining, and close proximity to recreation opportunities including Altura Park. The units themselves boast upgraded interiors with shaker cabinets, newer black appliances, plank flooring and balconies.

Courtesy Of MARCUS & MILLICHAP INC
Listing Information
  • Property Type: Commercial Sale
  • Property Subtype: Multi-Family
  • Structure Type: Low Rise (1-3)
  • Levels: Multi/Split
  • Subdivision: Altura
  • Beds: 20
  • SqFt Finished: 9000.00
  • SqFt Above: 9000.00
  • PSF Total: 210.00
  • PSF Finished: 210.00
  • PSF Above Grade: 210.00
  • Price Per Acre: 9450000.00
  • Year Built: 2012
  • Year Built Effective: 2012
  • Construction Materials: Concrete, Frame, Stone, Stucco
  • Entry Location: Exterior Access
  • Special Listing Conditions: None Known
  • Ownership: Corporation/Trust
  • Current Use: Multi-Family
  • Stories: 3
Interior Features
  • Flooring: Carpet, Vinyl
  • Exclusions: No Exclusions
  • Number of Units: 8
  • Number Of Units Furnished: 8
  • Unit Count: 2
Room Details
  • Basement: None
  • Basement YN: N
Parking/Garage
  • Off-Street
  • Parking Spaces Number Of: 8
  • Parking Type: Off-Street
  • Parking Total: 8
  • Total Offstreet Spaces: 8
Community/Neighborhood Information
  • Association Amenities: Park
  • Walk Score: 67
HOA
  • Has Multiple HOAs YN: N
  • HOA YN: Y
  • Master HOA Fee Frequency: Annually
  • Master HOA Phone: 303-980-0700
  • Master HOA Type: Professionally Managed
  • 2nd HOA Fee (Annual Total): 0.00
  • 3rd HOA Fee (Annual Total): 0.00
  • Master HOA: Cottage Grove Homeowners' Association, Inc.
  • Master HOA Fee: 25321.00
  • Master HOA Fee (Annual Total): 25321.00
  • Total Annual HOA Fees: 25321.00
Financial Considerations
  • Utilities Metering: Separate Electric
  • Actual Annual Net Income: 89388.00
  • Cap Rate: 4.73
  • Cap Rate Calculation: Net Operating Income / Price
  • Gross Income: 147667.00
  • Operating Expense: 58279.00
  • Operating Expense Includes: Association, Maintenance, Professional Management, Real Estate Tax
  • Other Annual Income: 6797.00
  • Potential Rental Income Annual: 177600.00
  • Projected Annual Expense: 60163.00
  • Projected Annual Net Income: 118906.00
  • Projected Gross Income: 179069.00
  • Projected Gross Operating Income: 179069.00
  • Tax Amount: 18190.00
  • Tax ID: 0182131405110
  • Tax Year: 2018
  • Vacancy Credit Losses: 5328
  • Water Included YN: Y
Utilities & Green Home Features
  • Cooling: Air Conditioning-Individual
  • Heating: Electric, Forced Air, Natural Gas
  • Water Source: Public
Exterior & Lot Features
  • Roof: Composition
  • Road Surface: Paved
  • Zoning: R-2
Schools Near 1601 Fraser Court Aurora, CO
District: Adams-Arapahoe 28J
Schools: Altura, East, Hinkley
Listing Price History
  1. Listed on 12/13/19
  2. Selling for $1,890,000
  3. For Sale for 73 days
  1. Date
  2. Event
  3. Price
  4. Change
  • 2/18/2020
  • Price change
  • $1,890,000
  • $110,000-5.5%
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