11948 E 17th Ave - Apartments FOR SALE


Aurora, CO 80010- North Aurora
$3,400,000 USD
720-695-4242
11948 E 17th Ave, Aurora, CO for Sale
$3,400,000 USD
Apartments - FOR SALE
1/38
null | 6.44% Cap Rate

11948 E 17th Ave
Aurora, CO 80010
North Aurora


HIGHLIGHTS

  • Across from University Hospital Campus
  • Exterior Entry
  • Corner Lot

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

18

PRICE/UNIT

$188,889

CAP RATE

6.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The LeBaron Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

MU-FB

APN/PARCEL ID

1823-35-4-18-008

ASK ABOUT THIS PROPERTY

Sana KimPeakview Realty, LLCMore Info
720-695-4242

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Sana KimPeakview Realty, LLCMore Info
720-695-4242

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.