560 Dayton, Aurora, CO 80010
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
560 Dayton,Aurora, CO 80010
$2,400,000
- 17 Beds
- 17 Baths
- 10,595 sq. ft.
- Multi-family
- Active
Listed by: charles burkhart
Office: marcus & millichap real estate investment services of atlanta, inc.
MLS#:5083413
Source:ML
Price summary
- Price:$2,400,000
- Price per sq. ft.:$226.52
About this home
Marcus & Millichap is pleased to present 560 Dayton St, a 17-unit multifamily investment opportunity located in the desirable Aurora submarket of the Denver metropolitan area. The property consists of an attractive mix of (6) one-bedroom, (5) two-bedroom, and (6) three-bedroom apartments, providing investors with larger than- average unit layouts that continue to experience strong demand from Denver area renters. Offered at $2,400,000, the property delivers an attractive 6.46% Day One Cap Rate while featuring one of the most compelling financing opportunities currently available in today’s multifamily market.
The offering includes the assumption of an existing Freddie Mac Small Balance Loan with approximately 90% loan-to-value financing, a fixed 5.77% interest rate, and interest-only payments through November 2029. This highly favorable debt structure allows investors to generate an estimated 13% Day One Cash-on-Cash Return, creating immediate yield that is rarely available in today’s lending environment while requiring significantly less upfront equity.
Ideally positioned just east of Downtown Denver, the property benefits from convenient access to Interstate 225, Interstate 70, the Anschutz Medical Campus, Lowry, Fitzsimons Innovation Community, Buckley Space Force Base, and Denver’s largest employment corridors. The combination of a desirable location, spacious unit mix, and highly attractive assumable financing creates a rare opportunity for investors to acquire a cash-flowing asset with meaningful operational upside. By continuing to stabilize the property during the remaining interest-only loan term, future ownership will be well positioned for a refinance or sale upon loan maturity....
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Home facts
- Year built:1961
- Subdivision & Development:Aurora Central North Apts 1973
- Listing ID #:5083413
Rooms and interior
- Bedrooms:17
- Total bathrooms:17
- Basement Description:Finished
- Living area:10,595 sq. ft.
Heating and cooling
- Heating:Hot Water
Structure and exterior
- Roof:Composition
- Year built:1961
- Building area:10,595 sq. ft.
- Levels:1 Story
Schools
- High school:Aurora Central
- Middle school:Aurora Highlands
- Elementary school:Fulton
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,400,000
- Price per sq. ft.:$226.52
- Tax amount:$17,149
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