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Jeanette Meyer
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jmeyer@remax.net
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Jeanette Meyer
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970-481-9340
jmeyer@remax.net
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15300 E Arizona Avenue,  Aurora CO, 80017 (Under Contract)

$399,900
|
|
MLS# 2525961
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Last Updated: 10/19/2017 7:15 AM
Description for 15300 E Arizona Avenue Aurora, CO 80017
Land with an approved site plan for 18 unit Apartment Complex. Construction plans will be included in the sale price. Plans are done, but need to be updated to 2015 code and then you can submit for building permit. Seller also has a $158,000 credit towards water connection fees, that can be purchased in addition to the list price. No attached or underground parking is required for this project, which will also reduce costs. Very similar units renting for $1300 per month. Projects out to be a 7.5% cap after estimated construction costs, land costs and units are leased.
This Land property in Aurora, CO, MLS # 2525961, is located in the neighborhood of Chambers Place. 15300 E Arizona Avenue iswithin the Adams-Arapahoe 28J School District .
Price
$399,900
Chambers Place
Arapahoe
2525961
Pending
Description
Land with an approved site plan for 18 unit Apartment Complex. Construction plans will be included in the sale price. Plans are done, but need to be updated to 2015 code and then you can submit for building permit. Seller also has a $158,000 credit towards water connection fees, that can be purchased in addition to the list price. No attached or underground parking is required for this project, which will also reduce costs. Very similar units renting for $1300 per month. Projects out to be a 7.5% cap after estimated construction costs, land costs and units are leased.
Listing Information for 15300 E Arizona Avenue Aurora, CO 80017
Property Type: Land 0.7 Acres
Chambers Place
Public Water Service
Public Sewer
Neighborhood
School Information
District: Adams-Arapahoe 28J
Room Information
Interior Features
3
Exterior / Lot Features
RR2M
Level
Multi-family, Private Roads, Paved Road, Level
Driving Directions
From Mississippi, go south on Chamers, left on E. Arizona Ave.
Financial Considerations
032563729
$1,997
2016
Listing Price History

Aurora Real Estate

Aurora is located in Colorado. Aurora, Colorado 80017 has a population of 359,407.

The median household income in Aurora, Colorado 80017 is $52,275. The median household income for the surrounding county is $62,213 compared to the national median of $53,482. The median age of people living in Aurora 80017 is 33.4 years.

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Courtesy: Jesse Truman - Re/Max Alliance
Information is deemed reliable but is not guaranteed.

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