Skip to main content

Multifamily

Helena Townhomes

1850 S Helena St, Aurora, CO 80017

Listing Price: $6,950,000

Cap Rate
6.19%
Number of Units
22
Price/Unit
$315,909
Price/Gross SF
$213.45
Gross SF
32,560

Investment Overview

Marcus and Millichap is pleased to present the Helena Townhomes, a newly constructed 31-unit community located at 1850 S Helena Street, Aurora CO. The current offering is for 22 of the 31 units, 13 of which are completed and rent ready upon approval of certificate of occupancy and 9 units that are ready to be built. The three completed buildings (3, 4 and 7) have a unit mix of 6 two-bedroom/two-bathroom units measuring 1,250 SF and 7 three-bedroom/two-and half-bathroom units averaging 1,660 SF. All units have individual entrances, vaulted ceilings, large open floorplans, attached two-car garages, rear patios, new finishes throughout, and ample closet/storage space. HOA dues will cover trash, roads, streetlights and landscaping. Phase 2 of the project is to complete construction on buildings 5 and 6, a four unit and a five unit which will consist of 4 two-bedroom/two-bathroom units and 5 three-bedroom/two-and half-bathroom units. Building 5 permits have already been pulled and the foundation is already in-place. This is an extremely rare opportunity for an investor to acquire a strong, new construction asset with expansion potential. With a lack of rentals available in the Colorado market, this makes this a desirable rental asset especially since several home buyers have been pushed out of the housing market and forced back in the rental market.

Investment Highlights

  • 22 Total Units- 13 Completed, 9 permit ready
  • Attached Two-Car Garages
  • Large Floor Plans, All New Finishes

Exclusively Listed By

Financing By

Multifamily

Helena Townhomes

Listing Price: $6,950,000

Cap Rate
6.19%
Number of Units
22
Price/Unit
$315,909
Price/Gross SF
$213.45
Gross SF
32,560

Investment Highlights

  • 22 Total Units- 13 Completed, 9 permit ready
  • Attached Two-Car Garages
  • Large Floor Plans, All New Finishes

Investment Overview

Marcus and Millichap is pleased to present the Helena Townhomes, a newly constructed 31-unit community located at 1850 S Helena Street, Aurora CO. The current offering is for 22 of the 31 units, 13 of which are completed and rent ready upon approval of certificate of occupancy and 9 units that are ready to be built. The three completed buildings (3, 4 and 7) have a unit mix of 6 two-bedroom/two-bathroom units measuring 1,250 SF and 7 three-bedroom/two-and half-bathroom units averaging 1,660 SF. All units have individual entrances, vaulted ceilings, large open floorplans, attached two-car garages, rear patios, new finishes throughout, and ample closet/storage space. HOA dues will cover trash, roads, streetlights and landscaping. Phase 2 of the project is to complete construction on buildings 5 and 6, a four unit and a five unit which will consist of 4 two-bedroom/two-bathroom units and 5 three-bedroom/two-and half-bathroom units. Building 5 permits have already been pulled and the foundation is already in-place. This is an extremely rare opportunity for an investor to acquire a strong, new construction asset with expansion potential. With a lack of rentals available in the Colorado market, this makes this a desirable rental asset especially since several home buyers have been pushed out of the housing market and forced back in the rental market.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower