982 S Dearborn Way, Aurora, CO 80012

Property Description

13 CONDOS. ONE PURCHASE. APPROX. 9.5% PROJECTED CAP RATE. This is not a dressed-up 5% deal pretending to be an investment. At $1,985,000, this 13-unit condominium portfolio produces $326,268 in annual scheduled rent, with projected NOI of approximately $187,953 AFTER underwriting 5% vacancy, 7.5% professional management, 7.5% maintenance, HOA dues, property taxes and insurance. ALL 13 UNITS ARE CURRENTLY OCCUPIED on 12-month leases, with most tenants having lived in their units for multiple years. Approx. $153,000 per unit. Portfolio includes a mix of 1-, 2- and 3-bedroom condos across multiple Denver/Aurora communities. Acquire 13 income-producing assets in one transaction while retaining the flexibility to hold, refinance or sell individual units over time. Serious portfolio investors: run the numbers.