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.