The Mark Apartments at 2001 Fulton Street is a 17-unit apartment community just blocks from Aurora’s popular Stanley Marketplace.

This property’s proximity to Stanley Marketplace, Anschutz Medical Campus, and Downtown Aurora combined with Denver’s low vacancy rate and expanding rental demand position The Mark Apartments as a strong investment opportunity. This property’s proximity to Stanley Marketplace, Anschutz Medical Campus, and Downtown Aurora combined with Denver’s low vacancy rate and expanding rental demand position The Mark Apartments as a strong investment opportunity.

Status: Just Closed

List Price: $2,200,000

Units: 17 Units

CAP Rate:

Current: 4.50%

Pro Forma: 7.03%

NOI:

Current: $99,013

Pro Forma: $154,736

Unit Mix

3 Studios

7 One-Bedroom/One-Bathroom

7 Two-Bedroom/One-Bathroom

Investment Highlights:

  • Large Units Close to Stapleton

  • Opportunity to Increase Rents by Over 20% in Year One

  • New Roof in 2015

  • New Windows

  • Boiler System Replaced in 2013

  • 13/17 Units Have Been Updated

  • New Carpet & Paint in Common Areas

  • Large Storage Closet in Every Unit

  • Income-Producing Laundry and Parking

 
 

Complimentary Asset Valuation

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