Located in a high-demand rental area at 11948 E. 17th Avenue, this superbly positioned 18-unit multifamily property is just one block from the University Hospital, Children's Hospital, and the VA Medical Center. With a mix of 3-bedroom, 2-bedroom, and 1-bedroom units, this property attracts mid-market residents seeking convenience and affordability.
Key Features:
- 18 Units — Perfect size to self-manage and significantly lower operating costs.
- Prime Location — Two blocks from Colfax Ave, walking distance from UCHealth Hospitals, lots of nearby bus stops, and 2 miles from the 13th Ave Light Rail Station
- Strong Rental Demand — Quick lease-ups with stable tenant base
- Attractive Returns — 6.4% cap rate with projected cash-on-cash returns increasing year over year
- Corner Lot — Good visibility and accessibility.