Sold
11111 E Mississippi Avenue Bldg , Unit
See all 27 Photos Sold Aurora, CO 80012
MLS# 9412967
Sold by Trish A. Rayner on 06/30/2021
Commercial Property Type
1.40 Acres
46604.00 Sq Ft
1975 Year Built
Office Zoning
Overview
Fantastic Opportunity for Investor to Enjoy this 2 Story Office Bldg Circa 1975 Renovated in 2010 (approximately) Facade Completed August 2020, Cash flow!!! Medium and Small Offices are 98% Occupied! (Currently 1 Small Office is Available) Cash FLOW!!!!! Expenses are Super Low on this Low Maintenance Bldg (Brick & Stone). Gross Income currently is $530,400 (Annually) Current Expenses are $187,812 (Annually) NET INCOME $351,188 CAP RATE of 8.78% You Won't Finds a Sweeter Deal Out There! Previous Occupant was Medical/non-Profit. Call for Details DON"T DISTURB TENANTS!!!!! Call Listor to Arrange Showings. Price also Includes 1051 South Kingston Street (1428 sq ft Garage and parking Lot)
New Home Sales Hours
Courtesy Of MB Metro Brokers 7th Avenue Properties LLC
Source: REcolorado
Upcoming Open Houses
Virtual Open Houses
Features
Leasing Information
Leasing Details
- Application Fee $
- Availability Date
- Corporate Rental?
- Deposits Potentially Refundable
- Existing Lease Type Gross
- Lease Amount $12
- Lease Description
- Lease Duration
- Liability Insurance Required
- Owner Pays
- Rent Deposit
- Rental Application
- Security Deposit $
Pet Details
- Pet Deposit
- Pet Rent
- Pets Allowed
Interior Features
Summary
- Year Built Effective 2010
Basement Details
- Basement? No
- Basement
- Basement Ceiling Height
Fireplace Detail
- Fireplace Features
- No. of Fireplaces
Square Foot Details
- SqFt 46,604
- Living Area, Finished
- Above grade, Finished
- Basement, Finished
- Basement, Unfinished
- PSF Total $84.76
- PSF Finished $
- PSF Above Grade $
Use details
- Leaseable Area 45600.00
- Office Area
- Retail Area
- Warehouse Area
Other
- Accessibility Features
- Appliances
- Building Class Class C
- Building Features Common Area Boardroom,Elevator - Freight,On Site Management,Signage
- Ceiling Height 10
- Common Walls
- Exclusions Any Personal Property of Seller/Tenants
- Flooring
- Furnished
- Interior Features
- Laundry Availability
- Security Features Secured Garage/Parking,Security Entrance,Security Lights
- Spa Features
- Window Features
Room Details
Bathroom Details Total Bathrooms:
- Full Baths 1/2 Baths 1/4 Baths 3/4 Baths
- Total Bathrooms
Bathroom Location Details
- Main Level Upper Level Lower Level Basement
Bedroom Location Details Total Bedrooms:
- Main Level Upper Level Lower Level Basement
More Room Details
- Room Level Room Type Room Description Room Width Room Length
Unit Information
Summary
- Number of Units 64
- Number of Units Furnished
- Number of Units Vacant 2
- Unit Features
Single Unit Details
- Unit Type Office
- Total Units 64
- Average Rent
- Average SqFt 45600.00
- Dishwashers
- Washers
- Dryers
- Hookups
- Refrigerators
- Stoves
- Air Conditions
- Fireplaces
- Storage Units
- Description
- Actual Rent
- Total Rent
- Bedrooms Per Unit
- Bathrooms per Unit
- Parking Per Unit
Exterior/Lot Features
Summary
- Available Elevations
- Entry Location
- Faces
- Horse Amenities
- Horse Property
- Levels Two
- Stories 2
- Structure Type Low Rise (1-3)
- Unit Floor #
- View
Builder Details
- Builder
- Completion Time From Groundbreaking
- Model Type
Construction details
- Architecture
- Construction Materials Brick,Frame,Stone
- Foundation Details
- Roof Membrane
Exterior Details
- Dock Features
- Door Features
- Exterior Features
- Fencing
- Number of Docks
- Number of Doors
- Number of Storage Units
- Other Equipment
- Other Structures
- Patio And Porch Features
- Pool Features
- Ski Features
Livable Structure Details
- Type Bedrooms Bathooms Sq Ft Flooring Description
Lot Details
- Acres Leased
- Crop Acres
- Cultivated Acres
- Features Cul-De-Sac
- Irrigated Acres
- Lot Number
- Lot Size Acres 1.40
- Lot Size Dimensions
- Lot Size SqFt 61,202
- Sq Ft
- Pasture Acres
- Price Per Acre $2,821,428.57
- Vegetation
- Waterfront Features
Mobile Details
- Make
- Model
- Body Type
- Exterior Dimensions x
- Skirt
Outbuilding details
Road details
- Access Public Road
- Road Responsibility Public Maintained Road
- Road Surface Paved
Parking/Garage
Parking Space Summary
- Parking Features
- Total Parking Spaces 120
- Garage Spaces
- Total Carport Spaces
- Total Offstreet Spaces 120
- Total Reserved Spaces 0
- Total RV Spaces 0
Parking Space Details
Utilities & Green Home Features
Summary
- Cooling
- Green Energy Efficient
- Heating
- HVAC Description
Green Ratings
- Green Certification Level Certified Year Certified Score
Power Production Details
- Type Size Year Installed Ownership Lease Amount Purchase Agreement Amount
Sewer
- Sewer Public Sewer
- Sewer Fee
- Sewer Tap Paid YN
Utilities details
- Electric Service Phase 3
- Gas Tap Fee
- Gas Tap Paid YN
- Utilities Cable Available,Electricity Available,Electricity Connected,Internet Access (Wired),Natural Gas Available,Natural Gas Connected,Phone Available,Phone Connected,Sewer Connected
Water / Well
- Irrigation Source
- Issued Well Permit Numbers
- Water Available 1
- Water Source Public
- Well Type
- Well Usage
- Water Fees
- Water Tap Paid?
- Water/Mineral Rights
Association Information
HOA Summary
- Amenities Completed
- Amenities Opening
- Association Amenities
- Association(s) No
- HOA Fee Includes
- Total Annual HOA Fees $0
Financial Considerations
Summary
- Cap Rate 8.78
- Cap Rate Calculation Net Income vs. Purchase Price
Actual expense details
- Operating Expense $187812.00
- Operating Expense Includes Insurance,Internet,Maintenance,Professional Management,Real Estate Tax,Utilities
Commission Information
- Buyer Agency Compensation 2%
- Compensation Offered
- Dual Variable Compensation No
- Commission Modified NA
- Closing Comments
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Income details
- Actual Annual Net Income $351,188
- Gross Income $539,000
- Income Includes
- Income Includes Description
Landleasing details
- Land Lease Amount
- Land Lease Amount Frequency
- Land Lease?
Projected
- Other Annual Income $
- Potential Rental Income Annual $
- Projected Annual Expense $190,000
- Projected Annual Net Income $439,800
- Projected Gross Income $600,000
- Projected Gross Operating Income $
- Projected Gross Scheduled Income $
- Vacancy Credit Losses
Tax details
- Annual Tax $40,200
- Legal Description LOT 1 BLK 1 CANTERBURY GARDENS SUB 2ND FLG
- Tax Exemptions
- Tax ID 032619830
- Tax Year 2020
Other
- Tenant Pays
- Utilities Metering
- Utilities Paid By Tenant
Neighborhood
Summary
- Building Name
- Development Name
- Park Name
- Senior Community No
- Subdivision
New Home Community
- Community Description
- Community MLS #
- Community Name
- Community Opening
- Community Website
- Current Promotions
- Development Status
- Directions from Agent Mississippi Avenue West of Peoria Street to Kingston Immediate Right (Right into Parking Lot)
- Move In Date
- New Home Available Options
- New Home Land MLS #
- New Home Plan MLS #
Zoning Details
- Current Use Office
- Incorporated? No
- Zoning Office
- Zoning Jurisdiction
Other
Business Details
- Business Amenities
- BusinessDescription
- BusinessType
- Year Established
History
- Original List Price $4,000,000
Partial Ownership Details
- Partial Ownership Amount
- Week Remarks
- Weeks Available
Other
- Home Warranty
- Ownership
- Possession Close Plus 1 Day
- Special Listing Conditions
- Year Built 1975
Mortgage Calculator
School Zone
District:
Schools: Elementary School, High School, Middle School
Area Map
Walk Score
Bike Score
0
description
Transit Score
0
description
summary
Walk Score
0
description
Demographics
Nearby Homes For Sale
You have an image of the perfect listing in your mind and we’re on a mission to help you find it. These property listings meet your search criteria and are within or close to Aurora
Schedule a Tour
Favorite Listings
You Have Saved a Favorite Listing
Do you want to receive notifications for this listing?
Visit your profile to manage your favorite listings and notifications. View My Profile >
Favorite Listings
Are you sure you want to remove this listingas a favorite and no longer receive notifications?
Visit your profile to manage your favorite listings and notifications.
View My Profile >
Save This Search
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Cras posuere enim sed arcu consectetur tristique. Sed ut orci nisi.
Saved Searches
Manage My Saved Searches and Notifications
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Cras posuere enim sed arcu consectetur tristique. Sed ut orci nisi.
My Saved Searches
- houses under 500k View Results X
- Saved Search B View Results X
- Saved Search C View Results X
- Saved Search D View Results X
Visit your profile to manage your favorite listings and notifications.
View My Profile >
Commercial 2 /properties/Listing_2004859588+11111+Mississippi+Aurora+CO+80012-recolorado2004859588.html
Customer Success Hours
- Monday - Friday: 8:00 AM to 6:30 PM
- Saturday: 8:00 AM to 5:00 PM
- Phone: (303) 850-9576
- Email: support@REcolorado.com
Contact Info
- Monday - Friday: 8:00 AM to 5:00 PM
- Phone: (303) 850-9576
- Fax: (303) 850-9637
