Macon Flats

Macon Flats

Aurora , CO
Available
  • Property Type: Apartments
  • Year Built : 1962, 1963, 1971
  • Property Size: 35,103 SF SF / 57 Units

Overview

Capstone Companies is pleased to offer the Macon Flats Portfolio. This rare opportunity offers the ability to own 57 units on one street in close proximity to new development and Fitzsimons Medical District, which is the largest job generator in Colorado. The 5 properties in the portfolio are easily managed as they are all adjacent to each other on Macon Street. Over 70% of the units are recently updated with new LVP floors, cabinetry, appliances, kitchens and baths. The current owner spent approximately $600,000 in capital improvements to the units, roofs, doors, landscaping, windows, hot water heaters and boilers. There is opportunity to increase rents to market rate upon lease expirations for additional income with little capital expenditures needed. With an irreplaceable location at the lowest price per unit in the market, this is truly a rare investment opportunity. 

Investment Highlights

  • Portfolio comprised of 5 buildings located adjacent to each other and easily managed together. 
  • Situated six blocks from the Fitzsimons Medical Campus, which employs over 30,000 people. 
  • 41 out of 57 Units have been renovated. 
  • Ability to increase rental income to capitalize on the market rate.
  • Option to sell off the properties off individually for profit in the future. 
  • $600,000 worth of capital improvements spent over the last 3 years towards unit upgrades, roofs, doors, landscaping, water heaters and boilers.

Contact Information

Sean Holamon Senior Advisor P: 303.588.2119
O: 800.746.3175 ext. 758
sholamon@capstone-companies.com
Jason Koch Partner P: 303.918.8909
O: 800.746.3175 ext. 751
jkoch@capstone-companies.com
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