15500 E 13th Avenue Unit

See all 7 Photos
Sold Aurora, CO 80011 MLS# 8742207 Sold by Clayton Primm on 11/15/2018
$3,500,000
Email
Facebook
Twitter
Pinterest
WhatsApp
Commercial Property Type
1.91 Acres
20088.00 Sq Ft
1972 Year Built
R-2 Zoning

Overview

Heritage House Apartments is a 28-unit apartment built in 1972, it is situated on a large 1.91 acres with mature well-maintained landscaping and in-ground irrigation. The property has convenient access to public transportation, restaurants, shopping, and employment. It is located 1.5 miles to the east is University of Colorado Hospital and Medical Campus. This property consists of three all brick buildings, each with a pitched roof (five years old) and double-paned windows. The buildings have interior hallways with secured entry. The unit mix consists of three studio units (450sf) and 25 1 bed/ 1 bath units (575sf). There is an on-site coin operated laundry in each building that provides additional income to the owner. The property has 62 off-street parking spaces. Heritage House has a strong occupancy history providing a stable source of income and is a well maintained turn-key asset. Although not required, financing is assumable at 4.02% fixed for the next 3.5 years.

New Home Sales Hours

Courtesy Of MARCUS & MILLICHAP INC
Source: REcolorado

Upcoming Open Houses

    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays Exterior Maintenance,Gas,Grounds Care,Insurance,Taxes,Trash Collection,Water
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective
    Basement Details
    • Basement? No
    • Basement
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 20,088
    • Living Area, Finished 20,088
    • Above grade, Finished 20,088
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $174.23
    • PSF Finished $174.23
    • PSF Above Grade $174.23
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances Oven,Refrigerator
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions Tenant personal property
    • Flooring
    • Furnished
    • Interior Features
    • Laundry Availability Common Area
    • Security Features Security Entrance
    • Spa Features
    • Window Features Double Pane Windows

    Room Details

    Bathroom Details Total Bathrooms: 28
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms: 28
    More Room Details

    Unit Information

    Summary

    • Number of Units 28
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details
    • Unit Type Studio
    • Total Units 3
    • Average Rent 867.00
    • Average SqFt 450.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit
    • Bathrooms per Unit 1
    • Parking Per Unit
    • Unit Type 1 Bedroom
    • Total Units 25
    • Average Rent 1000.00
    • Average SqFt 600.00
    • Dishwashers
    • Washers
    • Dryers
    • Hookups
    • Refrigerators
    • Stoves
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit
    • Bathrooms per Unit 1
    • Parking Per Unit

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location Corridor Access
    • Faces
    • Horse Amenities
    • Horse Property
    • Levels Multi/Split
    • Stories
    • 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
    • Foundation Details Concrete Perimeter,Block
    • Roof Composition
    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
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features Landscaped,Sprinklers In Front,Sprinklers In Rear
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 1.91
    • Lot Size Dimensions
    • Lot Size SqFt 83,199
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $1,832,460.73
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access
    • Road Responsibility
    • Road Surface

    Parking/Garage

    Parking Space Summary

    Parking Features
    Parking Lot,Asphalt

    • Total Parking Spaces 62
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 62
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling Air Conditioning-Individual
    • Green Energy Efficient
    • Heating Baseboard,Hot Water,Natural Gas,Radiant
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities Cable Available,Internet Access (Wired),Phone Connected
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available
    • Water Source
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities Coin Laundry
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $0
    1st HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed Long Term
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants? No

    Financial Considerations

    Summary

    • Cap Rate 6.46
    • Cap Rate Calculation Based on Potential NOI
    Actual expense details
    • Annual Expenses Benefits
    • Annual Water Expense $
    • Association Fee Annual Expense $
    • Cable TV Expense $
    • CAM Fees $
    • Electric Expense $
    • Gas Expense $
    • Insurance Expense $
    • Internet Annual Expense $
    • Maintenance Expense $
    • Operating Expense $96,511
    • Operating Expense Includes Accounting,Insurance,Legal,Maintenance,Other,Professional Management,Real Estate Tax,Utilities
    • Other Expense
    • Payroll Annual Expense $
    • Personal Property Annual Expense $
    • Phone Annual Expense $
    • Professional Management Expense $
    • Real Estate Taxes $
    • Workmans Compensation Expense
    Income details
    • Actual Annual Net Income $206,079
    • Gross Income $302,590
    • Income Includes
    • Income Includes Description
    Landleasing details
    • Land Lease Amount
    • Land Lease Amount Frequency
    • Land Lease?
    Projected
    • Other Annual Income $1,996
    • Potential Rental Income Annual $348,300
    • Projected Annual Expense $100,191
    • Projected Annual Net Income $232,690
    • Projected Gross Income $332,881
    • Projected Gross Operating Income $332,881
    • Vacancy Credit Losses 17415
    Tax details
    • Annual Tax $10,199
    • Legal Description PLOT 3 EX M/R BLOCK 4 BUENA VISTA SUBDIVISION
    • Tax Exemptions
    • Tax ID 031319986
    • Tax Year 2017
    Other
    • Tenant Pays Cable TV,Electricity,Internet,Telephone
    • Utilities Metering Common Gas,Common Water,Separate Electric
    • Utilities Paid By Tenant

    Neighborhood

    Summary

    • Building Name Heritage House Apartments
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision Buena Vista
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use
    • Incorporated? No
    • Zoning R-2
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $3,600,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty
    • Ownership Individual
    • Possession Closing/DOD
    • Special Listing Conditions None Known
    • Year Built 1972

    Mortgage Calculator

    School Zone

    District: Adams-Arapahoe 28J
    Schools: Elementary School, High School, Middle School

    Area Map

    Walk Score

    Bike Score

    Bike Score

    0 description
    Transit Score

    Transit Score

    0 description summary
    Walk Score

    Walk Score

    0 description
    Back to top
    span widget