$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
9,240 SqFt
Key Details
Sold Price $2,370,000
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 9,240 sqft
Price per Sqft $256
MLS Listing ID 5840347
Sold Date 05/05/23
Style HighRise
Year Built 1960
Annual Tax Amount $13,743
Tax Year 2021
Contingent None Known
Lot Size 9,583 Sqft
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
Exterior
Present Use MultiFamily
Attached Garage false
Total Parking Spaces 12
Garage false
Building
Story 3
Sewer PublicSewer
Architectural Style HighRise
Level or Stories ThreeOrMore
Structure Type Brick,Frame
New Construction No
Others
Tax ID R0094875
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing 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