Neighborhood: Licton Springs, 705 - Ballard/greenlak
Property Taxes: $18,172
Tax Year: 2022
This 7-unit apartment building is on the market for the first time since 1991. This property offers investors the opportunity to own and manage an easily maintained and rentable building with immediate rental upside and value-add potential. Proforma rents suggest this is a 5%+ Cap Investment. The current unit mix consist of five, 2 bed/2 bath units and two, 3 bed/2 bath units. Each unit is spacious and has their own washer/dryer. The basement also has a laundry area that all tenants have access to. The location of this property is ideal for navigating the city. Located two blocks from a major transit line, quick and easy access to Interstate 5 and Aurora, and less than a 5-minute drive to Northgate Mall and the new Light Rail Station.