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Kingston Place 1350 Kingston St

10 Unit Block of Flats £1,183,500 (£118,350/Unit) 7.36% Net Initial Yield Aurora, CO 80010

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Executive Summary

-Large Unit Formats: 80% 2 & 3-Bed Unit Layouts; Within 0.30 miles, 50% of comparable product only offers small, studio/1-bed floorplans
-Roof replaced in 2022 & 75% of units have vinyl plank flooring (Bedrooms, Living Areas)
-Strong In-Place Returns: ~200 Bps of positive leverage & a 11.24% Cash-on-Cash return
-Aggressive Agency Financing Options Available Through Walker & Dunlop: ~5.35% Interest Rates, 70% LTV, & Interest-Only Options

Offering Memorandum

Property Facts

Price	£1,183,500	Building Class	C
Price Per Unit	£118,350	Lot Size	0.29 AC
Sale Type	Investment	Building Size	8,236 SF
Net Initial Yield	7.36%	Average Occupancy	90%
No. Units	10	Number of Floors	2
Property Type	Residential	Year Built	1949
Property Subtype	Apartment	Parking Ratio	1.2/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,183,500
Price Per Unit	£118,350
Sale Type	Investment
Net Initial Yield	7.36%
No. Units	10
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.29 AC
Building Size	8,236 SF
Average Occupancy	90%
Number of Floors	2
Year Built	1949
Parking Ratio	1.2/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.