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.
Full Property Details
Full Property Details for 15300 East Arizona Ave
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Sold For: $400,000
Taxes: $1,997 (2016)
MLS ID: 2525961
Added: 548 day(s) ago
Neighborhood: Chambers Place
Driving Directions: From Mississippi, go south on Chamers, left on E. Arizona Ave.
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School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
15300 East Arizona Avenue, Aurora, CO 80017 (MLS# 2525961) is a
Lots/Land property that was sold at $400,000 on March 15, 2018.
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.