$2,370,000
$2,395,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
1666 Clinton ST Aurora, CO 80010
Key Details
Sold Price $2,370,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5840347
Sold Date 05/05/23
HOA Y/N No
Originating Board recolorado
Year Built 1960
Annual Tax Amount $13,743
Tax Year 2021
Acres 0.22
Property Description
The property offers a LOW 3.44% Freddie Mac loan locked in for the next 7 years! The loan on the property is assumable with a just 33% down payment. Interest only for the first year! $100k Price reduction with increase in rental income! 6% cap. Easy Value Add Opportunity. 12 Unit Multifamily building with a rare mix of 3-bedroom and 2-bedroom apartment units. All units have been renovated within the past 12 months to include new kitchen cabinets, new floorings, new paint, and new carpet. The monthly gross rent of $17K can be easily increased to $19K without much turnover. We have favorable financing/debt service options in the 4%-5% range still! Also, an assumable loan of 3.4% interest with a 35% down payment. Just 1 Mile to Anschutz Medical Campus and 1 Mile to the Lowry Neighborhood. Less Than 2 Miles to Stanley Marketplace and Central Park.
Location
State CO
County Adams
Interior
Fireplace N
Exterior
Total Parking Spaces 12
Garage No
Building
Sewer Public Sewer
Structure Type Brick, Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Keller Williams Realty Urban Elite