Overview

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.

Location

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Neighborhood

Rocky Ridge

Rocky Ridge (8)

Property Details

  • Days on PL 146
  • Parking Spaces
  • Lot Size 30,535 SF (0 Acres)
  • PSF
  • MLS ID 2525961
  • Type Land
  • Style
  • Architecture
  • Structure Type
  • Seller Individual
  • Above Grade sqft SF
  • Finished sqft FSF
  • Total sqft TSF
  • Hoa Fees None
  • Year Built
  • Faces West
  • Amenities Income Potential

Additional Details

  • City Aurora
  • School Districts Adams-Arapahoe 28J
  • Elementary School
  • Junior High School
  • High School
  • Zoned RR2M
  • Taxes $1,997
  • County Arapahoe
  • Heat Delivery
  • Heat Fuel
  • Cooling
  • Water Public
  • Sewer Public
  • Fireplaces
  • Basement Type
  • Basement Finished % %
  • Year of Construction