2252 Tower Road
About This Property
Located in the Adams County Enterprise Zone, The I-1 Zoning allows for wide range of uses and can accommodate a variety of potential users. Check with City of Aurora for Permitted Uses . Outstanding location with easy access to I-70, E-470, Light Rail, RTD and DIA. Plenty of Development projects in the area.
Sale includes Parcels 001, 03. Property tax is the combined total for both lots. Information believed to be reliable,however not guaranteed. Buyer to verify all.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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