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Multifamily

1677 Geneva Street

1677 Geneva St, Aurora, CO 80010

Listing Price: $1,740,000

Cap Rate
5.64%
Number of Units
12
Price/Unit
$145,000
Price/Gross SF
$207.14
Gross SF
8,400

Investment Overview

Marcus & Millichap is pleased to 1677 Geneva Street, a 12-unit apartment community in Aurora, Colorado. The property offers its tenants an even mix of one- and two-bedroom units within walking distance of Colfax retail and an easy commute to the Anschutz medical campus. 1677 Geneva Street has been well-maintained and features a pitched roof with composite shingles and newer vinyl windows. It offers community amenities that include off-street parking and on-site laundry facilities. Units are generously sized and provide ample storage. Select units have been updated with new flooring, cabinetry, and paint. Aurora’s shifting demographics and continued growth support 1677 Geneva’s position as a strong investment opportunity with room for upside in an area poised for rapid growth.

Investment Highlights

  • Balanced Unit Mix of One- and Two-Bedroom Units
  • Updates to select units include flooring, cabinetry, countertops, and new refrigerators and stoves.
  • Building updates include new zone valves for all units (2021), new entry doors (2020), newer parking lot (2018), and newer flooring in common areas (2019).
  • One Mile from Anschutz Medical Campus
  • On-Site Coin-Operated Laundry

Exclusively Listed By

Listing Price: $1,740,000

Cap Rate
5.64%
Number of Units
12
Price/Unit
$145,000
Price/Gross SF
$207.14
Gross SF
8,400

Investment Highlights

  • Balanced Unit Mix of One- and Two-Bedroom Units
  • Updates to select units include flooring, cabinetry, countertops, and new refrigerators and stoves.
  • Building updates include new zone valves for all units (2021), new entry doors (2020), newer parking lot (2018), and newer flooring in common areas (2019).
  • One Mile from Anschutz Medical Campus
  • On-Site Coin-Operated Laundry

Investment Overview

Marcus & Millichap is pleased to 1677 Geneva Street, a 12-unit apartment community in Aurora, Colorado. The property offers its tenants an even mix of one- and two-bedroom units within walking distance of Colfax retail and an easy commute to the Anschutz medical campus. 1677 Geneva Street has been well-maintained and features a pitched roof with composite shingles and newer vinyl windows. It offers community amenities that include off-street parking and on-site laundry facilities. Units are generously sized and provide ample storage. Select units have been updated with new flooring, cabinetry, and paint. Aurora’s shifting demographics and continued growth support 1677 Geneva’s position as a strong investment opportunity with room for upside in an area poised for rapid growth.

Exclusively Listed By

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