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1467 Joliet St 9 Unit Apartment Building $1,317,260 CAD ($146,362 CAD/Unit) 8.03% Cap Rate Aurora, CO 80010
Investment Highlights
- Priced below nearby sales comparables and active listings
- Side-by-side ranch-style apartment building with private entrances and a functional layout
- Value-add opportunity positioned to benefit from continued investment along the East Colfax corridor, including the East Colfax BRT project and more
- Diverse unit mix from studio to three-bedroom units, appealing to a broad tenant base
- Located in North Aurora, just minutes from the Anschutz Medical Campus, Stanley Marketplace, and Lowry
Executive Summary
County: Arapahoe
Year Built: 1952
# Buildings: 1
# Stories: 1
Total Units: 9
Construction: Brick Masonry
Roof Type: Pitched
Gross Building SF: 3,869
Total Lot SF: 8,494
Parking: Lot | 9 Spaces
Air Conditioning: Wall A/C Units
Heating: Boiler
Gas: Master
Electrical: Individual
Water/Sewer: Master
1467 Joliet Street is a 9-unit multifamily property in Aurora offering a diverse unit mix of 1 studio, 4 one-bedrooms, 3 two-bedrooms, and 1 three-bedroom unit. The ranch style building also features 9 off street parking spaces and private entrances for each unit.
Located in North Aurora, the property is just minutes from Stanley Marketplace and the UC Anschutz Medical Campus. The location also stands to benefit from the East Colfax BRT project, which is bringing new stations, corridor amenities, and pedestrian improvements to the area.
Offered at $970,000, the property presents an accessible basis with clear operational upside and the potential to achieve an 8%+ cap rate. New ownership will have the opportunity to implement additional improvements, enhance interiors, tighten operations, and continue driving revenue over time.
Year Built: 1952
# Buildings: 1
# Stories: 1
Total Units: 9
Construction: Brick Masonry
Roof Type: Pitched
Gross Building SF: 3,869
Total Lot SF: 8,494
Parking: Lot | 9 Spaces
Air Conditioning: Wall A/C Units
Heating: Boiler
Gas: Master
Electrical: Individual
Water/Sewer: Master
1467 Joliet Street is a 9-unit multifamily property in Aurora offering a diverse unit mix of 1 studio, 4 one-bedrooms, 3 two-bedrooms, and 1 three-bedroom unit. The ranch style building also features 9 off street parking spaces and private entrances for each unit.
Located in North Aurora, the property is just minutes from Stanley Marketplace and the UC Anschutz Medical Campus. The location also stands to benefit from the East Colfax BRT project, which is bringing new stations, corridor amenities, and pedestrian improvements to the area.
Offered at $970,000, the property presents an accessible basis with clear operational upside and the potential to achieve an 8%+ cap rate. New ownership will have the opportunity to implement additional improvements, enhance interiors, tighten operations, and continue driving revenue over time.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,317,260 CAD | Building Class | C |
| Price Per Unit | $146,362 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,869 SF |
| Cap Rate | 8.03% | No. Stories | 1 |
| No. Units | 9 | Year Built | 1952 |
| Property Type | Multifamily | Parking Ratio | 2.33/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $1,317,260 CAD |
| Price Per Unit | $146,362 CAD |
| Sale Type | Investment |
| Cap Rate | 8.03% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,869 SF |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 2.33/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 350 |
| 1+1 | 4 | - | 440 |
| 2+1 | 3 | - | 600 |
| 3+1 | 1 | - | 675 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1973-02-2-05-019 | Total Assessment | $107,270 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
1973-02-2-05-019
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$107,270 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1467 Joliet St
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