Address
728 Emporia Street, Aurora, CO
Price
$ 995,000
Property Attributes
- MLS#4618733
- TypeCommercial
- Listing Status Active
- CountyARAPAHOE
- CityAurora
- Zip80010
- StyleContemporary
- Year Built1944
- Taxes$ 3820
- Price$ 995,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8459
- Lot Size0.48 Acres
Data Source:
REColorado (MTOMLS)
Property Description
Great cash flow property with excellent up side income potential. Rare six unit building that backs to a nice park in a predominately single family home neighborhood. Five of the units have enclosed private back yards and there are several garage/storage units on the property. Four of the six units have been rented by the same tenant since before the building was last sold approximately sixteen years ago, and the other two units have each been rented by the same tenants for approximately ten years, providing an extremely consistent revenue base. Property consists of a stand alone 1 bedroom alley house, 2 two bedroom units, and 3 four bedroom (some bedrooms may be non-conforming) multi bath units. Based on the current rents and 2025 actual insurance, RE taxes, and utility costs, the units are projected to currently produce $91,100 in net cash flow before maintenance/debt costs. Current owner believes that there is a significant opportunity to increase the current rent rates in the units’ current condition, and a much more meaningful opportunity to increase the overall rents and cash flow by updating each unit. Three of the units have separate entrances to the basement with potential to make separate additional apartments subject to zoning laws which Seller has not explored. Each of the units would benefit by updating, some significantly. The property is being sold as is in its current condition, although as noted below, Seller can provide financing to include financing updating costs. Seller is willing to finance 80% of the purchase price and 70% of approved updating costs for a qualified and approved buyer for up to nine months to allow a new buyer to potentially update units and improve the operating income before obtaining permanent financing. Asking price is for the property as is without any additional improvements or concessions paid for by the Seller. Please allow 7 days for acceptance.
| Price History | |
|---|---|
| 7/15/2026 | Listed $995,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Connected |
| Possession | Closing/DOD |
| Roof | Composition |
| Zoning | Apartment 4-8 Units |
| Garage Spaces | 2 |
| Architectural Style | Contemporary |
| Security Features | Carbon Monoxide Detector(s),Smoke Detector(s) |
| Construction Materials | Frame,Wood Siding |
| Exclusions | Tenants personal property |
| Year Built | 1944 |
| Tenant Pays | Cable TV,Electricity,Internet,Telephone,Trash Collection |
| Stories Count | 1 |
| Property Subtype | Multi Family |
| Tax Year | 2024 |
| Current Use | Commercial |
| Gross Income | 111336 |
| OwnerPays | Gas,Water |
| County | Arapahoe |
| Operating Expense | 20237 |
| Property Type | Commercial Sale |
| Attached Garage | No |
| Building Features | Laundry,Storage |
| Status | Active |
| Directions | 6th Avenue to Fulton St.,North to 7th Ave.,West on 7th to Emporia,North to property. |
| City | Aurora |
| Number Of Units Total | 6 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 20908.8 |
| Listing Terms | Cash,Conventional,Owner Will Carry |
| Tax Annual Amount | 3820 |
| Lease Considered Y/N | No |
| Structure Type | Low Rise (1-3) |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Cap Rate | 8.5 |
Exterior Features
| Parking Features | Concrete,Exterior Access Door |
|---|---|
| Lot Features | Near Public Transit |
| Water Source | Public |
| Total Parking | 13 |
| Lot Size Area | 0.48 |
| Building Area Total | 8459 |
| Lot Size Acres | 0.48 |
| Road Surface Type | Paved |
| Road Frontage Type | Public |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 80010
Price
Taxes
Year Built
Visits
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