Listed by MMG
$1,560,000
1129 Akron Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,290
Net Rentable (SqFt) 7,290
Units 13
Cap Rate 9.46%
NOI $153,725
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 9.86%
Pro-Forma NOI $160,297
Year Built 1957
Buildings 1
Parking Spaces 9 spaces
Parking per 1,000 SqFt 1.23
Investment Type Stabilized
Multifamily | 9.46% CAP | 13 Units
Marketing description
As exclusive advisor, MMG Real Estate Advisors is pleased to offer 1129 Akron St a 13-unit multifamily community located in Denver, CO
This is a also a rare opportunity to acquire a four-property, 94-unit multifamily portfolio in East Denver. The portfolio consists of 1474 Xenia Street (13 units), 1129 Akron Street (13 units), 1205 Yosemite Street (20 units), and 1345–1363 Yosemite Street (48 units). Properties can be purchased together, or separately.
Investment highlights
- Strong In-Place CAP Rate of 9.46%
- Desirable Location
- Room for Rent Growth
- A block away from Lowry Park and Lowry Family Health Center
- A short walk from Wings Over the Rockies Air & Space Museum
- A few blocks away from the E 11th Ave and Boston Bus Stop
Listing Contacts
Listed by MMG
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,725.00
$12,810.42/mo
Valuation Metrics
0
DSCR
9.85%
Cap Rate
9.85%
ROI
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