11948 E 17th Ave - Apartments FOR SALE


Aurora, CO 80010- North Aurora
$2,100,000 USD
720-575-2870
11948 E 17th Ave, Aurora, CO for Sale
$2,100,000 USD
Apartments - FOR SALE
1/23
null | 8.84% Cap Rate

11948 E 17th Ave
Aurora, CO 80010
North Aurora


HIGHLIGHTS

  • Approved Short Sale: Motivated Seller. Bring Offers.
  • Value-Add Opportunity: Lease-up & renovation upside with projected ARV of $2.8M–$2.9M.
  • Premier Medical Location: Directly across from CU Anschutz Medical Campus.
  • Strong Rental Demand: Excellent potential for long-term tenants, healthcare professionals, students, and mid-term rental opportunities.
  • Desirable Unit Mix: 18 units consisting of 5 three-bedroom, 12 two-bedroom, and 1 one-bedroom apartments.
  • Excellent Accessibility: Minutes from I-225, Colfax Avenue, RTD transit, Stanley Marketplace, and Lowry.

OVERVIEW

11948 E. 17th Avenue is an approved short sale offering an exceptional 18-unit value-add multifamily investment opportunity directly across from the University of Colorado Anschutz Medical Campus. Priced at $2.1 million, the property presents significant lease-up and renovation upside with a projected after-repair value (ARV) of $2.8–$2.9 million upon stabilization. The property features five (5) three-bedroom units, twelve (12) two-bedroom units, and one (1) one-bedroom unit, with many units already updated. Investors can execute multiple value-add strategies, including lease-up, interior renovations, Section 8 rent potential, mid-term rentals for healthcare professionals, and future redevelopment opportunities. Located just minutes from Stanley Marketplace, Lowry, and Central Park, the property benefits from one of Metro Denver's strongest healthcare-driven rental markets. Pro forma financials assume a $200,000 investment in capital improvements during Year 1, with the projected 8.84% cap rate based on Year 2 stabilized operations. Buyers are encouraged to perform their own independent underwriting and due diligence.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$162 USD /SF

# OF UNITS

18

PRICE/UNIT

$116,667

CAP RATE

8.84%

% 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

17

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,373 SF

ZONING

MU-FB

APN/PARCEL ID

1823-35-4-18-008

ASK ABOUT THIS PROPERTY

Michelle GlassKW CommercialMore Info
720-575-2870

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Michelle GlassKW CommercialMore Info
720-575-2870

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