Description
Montego Apartments is a 41-unit apartment building located at 1536 Macon St in Aurora, Colorado. The property location is situated squarely in the middle of the E. Colfax corridor in the North Aurora submarket.
Montego’s 41 units include a mix of 2/3-1Br/1Ba units and 1/3-2bd/1Ba units. The number of 2Br/1Ba units is a significant advantage in North Aurora, which was built with primarily one-bedroom apartment units and therefore two-bedroom units tend to rent more easily than one-bedroom units, which are more prevalent.
This property offers an exceptional living opportunity in a rapidly evolving neighborhood adjacent to the Anschutz Medical Campus. This location provides residents with convenient access to world-class healthcare, a vibrant retail scene, and a community undergoing significant transformation. Situated approximately 1.5 miles from Anschutz Medical Campus, residents benefit from proximity to one of the nations leading medical and bioscience hubs. The campus houses major employees such as UCHealth, Children’s Hospital of Colorado and the University of Colorado, offering ample employment opportunities and access to cutting-edge medical research and education.
Highlights
- Opportunity to purchase property well below replacement cost, with incredible future upside potential when the local economy stabilizes
- Good unit mix with 14 2bd units
- Outside walkup design with secure courtyard
- Dishwashers in units
- Newer roof (less than 10yrs old)
Brokers
Joe Hornstein
. Principal(720) 939-2943.Joe@NorthPeakCRE.com
