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Dallas Landing Apartments 1960 Dallas St 32 Unit Apartment Building $5,577,845 CAD ($174,308 CAD/Unit) 6.22% Cap Rate Aurora, CO 80010
INVESTMENT HIGHLIGHTS
- Portfolio of 2 Multifamily Buildings in the 80010 zip code | 64 Units | total purchase price of $8,050,000
- All Offers Must be Submitted to Lenders for Approval
- Proximity to Affluent Neighborhoods – Bordering Central Park Denver, Lowry, and Stapleton, supporting long-term appreciation
- Short Sale / Pre-Foreclosure Status
- Significant Capital Improvements Completed – Seller has invested in extensive CapEx across the portfolio, with all units remodeled to C-class
- In-House Management Team Available – Seller will convey the existing team: 2 leasing agents/property managers, 1 bookkeeper, 2 maintenance staff
EXECUTIVE SUMMARY
1960 Dallas St. is a freshly repainted 32-unit multifamily building in North Aurora with significant upside and is being marketed exclusively as part of a combined 64-unit portfolio, together with 1592 Boston St. (32 units) for a total purchase price of $8,050,000. Contact listing broker for details. Motivated Seller! This property features a diverse unit mix of 15 three-bedroom apartments, 8 two-bedroom apartments, and 9 one-bedrooms—offering strong rent growth potential. It Includes a laundry room with seller owned washer and dryers for additional income. Building is up to code to collect higher section 8 income. Prime location in a high-demand rental area with strong tenant demand. Just 0.5 miles from Stanley Marketplace and just a short drive to both Lowry and the Central Park neighborhood. Less than 3 miles from the Anschutz Medical Campus, home to UCHealth University of Colorado Hospital, Children’s Hospital Colorado, and the Rocky Mountain Regional VA Medical Center—one of the largest medical hubs in the state. Located on a visible street with a steady flow of potential tenants.
PROPERTY FACTS
| Price | $5,577,845 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $174,308 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.48 AC |
| Cap Rate | 6.22% | Building Size | 22,000 SF |
| No. Units | 32 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 1.45/1,000 SF |
| Zoning | R-4, Aurora | ||
| Price | $5,577,845 CAD |
| Price Per Unit | $174,308 CAD |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 22,000 SF |
| No. Stories | 4 |
| Year Built | 1967 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | R-4, Aurora |
AMENITIES
UNIT AMENITIES
- Disposal
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | 650 |
| 2+1 | 8 | - | 750 |
| 3+1 | 15 | - | 950 |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 1823-34-3-01-024 | Improvements Assessment | $354,659 CAD |
| Land Assessment | $32,412 CAD | Total Assessment | $387,071 CAD |
PROPERTY TAXES
Parcel Number
1823-34-3-01-024
Land Assessment
$32,412 CAD
Improvements Assessment
$354,659 CAD
Total Assessment
$387,071 CAD
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Dallas Landing Apartments | 1960 Dallas St
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