1350 Kingston Street Aurora, CO ^$ 1,525,000

1350 Kingston Street

^$ 1,525,000

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1350 Kingston Street

Aurora, CO, 80010

^$ 1,525,000

Studio Baths0.0 Sq 8,236

Monthly Estimate*

^$ 10,136

Listed by BANYAN REAL ESTATE LLC

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Studio

Commercial Property for sale in Aurora, CO

for $1,525,000. This 8,236 square foot building was built in 1949 on a lot size of 0.29.

This is a rare opportunity to invest in a fully occupied and well-maintained multifamily property in Aurora, Colorado. The 2-story building contains 10 units with a diverse mix of floor plans including 1-studio, 1-1BR, 1-3BR, and 7-2BR apartments. The total square footage of the building is 8,236 SF. Each unit has its own furnace and individually metered through Xcel for Gas & Electric, providing individual control over heating and energy costs. The owner covers all other utilities and bills on a pass-through pro-rata basis, ensuring that all expenses are fairly allocated. Some renovations have taken place including updated kitchens and bathrooms in about half of the units, high-quality flooring, and an on-site coin-operated laundry room. Additionally, the building has a brand new roof with a transferable warranty, providing added value and peace of mind to the new owner. This property is located in a desirable up & coming area close to Fitzsimmons Medical Campus and amenities on Colfax. Aurora is a growing and vibrant city with easy access to public transportation, major highways, and downtown Denver. Investment Highlights: • Strong and stable rental history • Diverse unit mix appeals to a wide range of tenants • Excellent location with high demand for rental housing • On-site parking available • Opportunity for additional value-add improvements This is an outstanding opportunity for an investor to acquire a well-maintained and fully occupied multifamily property in Aurora, Colorado. With individual metering and control over heating and energy costs, this property offers a unique advantage over similar properties. Don't miss your chance to add this property to your investment portfolio. For more information on this property or to schedule a tour, please contact us today.

Commercial Active

Price

^$ 1,525,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 6,145

Style

Low Rise (1-3)

Lot Size

0.29

Year Built

1949

Town/City

Aurora

County/Region

Arapahoe

MLS | Web ID

5470650

Features

General

Sewer Public Sewer

Utilities Cable Available Electricity Connected

Possession Immediate

Roof Composition

Zoning OA-RMU

Garage Spaces 0

Construction Materials Frame Stucco

Exclusions Tenants personal property

Year Built 1949

Tenant Pays Cable TV Electricity Gas Internet Telephone Trash Collection Water

Property SubType Multi-Family

Tax Year 2022

Current Use Residential

Gross Income 148643.78

County Arapahoe

Operating Expense 39081.21

Property Type Commercial Sale

Attached Garage N

Building Features Coin Laundry

Status Active

Directions From Colfax turn SOUTH on Kingston. Property is 1.5 blocks on the LEFT

City Aurora

Buyer Agent Compensation 2.0

NumberOfUnitsTotal 10

Lot Size Units Acres

Lot Size Square Feet 12632.4

Carport Spaces 0

Street Name Kingston

Listing Terms Cash Conventional

Tax Annual Amount 6145

Leasable Area 8236

Structure Type Low Rise (1-3)

Standard Status Active

Occupancy Type Tenant (Multiple)

Cap Rate 7.18

Buyer Agent Compensation Type %

Exterior

Lot Features Near Public Transit

Water Source Public

Total Parking 10

Lot Size Area 0.29

Building Area Total 8236

Lot Size Acres 0.29

Road Surface Type Paved

Road Frontage Type Public

Road Responsibility Public Maintained Road

Interior

Street Suffix Street

Internal Only

Street Number 1 1350

* Excluded Features

List By

Banyan Real Estate Llc

Broker

(303) 520-4034

Phone

Affordability Calculator

$10,648

Per Month

Monthly Principal & Interest: $10,136
Monthly Property Taxes: $512
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Aurora, CO

Average List Price ^$1,694,143

Percent of Sale Price 11%

About Aurora, CO

372,405 Population

34% Since 2002

^$57,350 Median Income

36.32 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

242254 Elementary School

242425 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/2/2024	$1,525,000	-1.61%	Price Down
1/31/2024	$1,550,000	-3.13%	Price Down
12/18/2023	$1,600,000		Listed Price

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1350 Kingston Street, Aurora, CO, 80010 is a Commercial Property for sale at $1,525,000 with 8,236 sqft and a lot size of 0.29. 1350 Kingston Street is a studio with 0.0 baths and was built in 1949. The property's zip code is 80010 which is in Aurora, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data eXchange (IDX) Program of the REcolorado. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/11/2024.

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1350 Kingston Street

Commercial Property for sale in Aurora, CO

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