1391 Lima St - Apartments FOR SALE


Aurora, CO 80010- Delmar Parkway
$1,375,000 USD
303-618-1171
1391 Lima St, Aurora, CO for Sale
$1,375,000 USD
Apartments - FOR SALE
1/14
null | 7.4% Cap Rate

1391 Lima St
Aurora, CO 80010
Delmar Parkway


HIGHLIGHTS

  • Convert building into mid-term rentals for even higher income potential! Located very near Anschutz Hospital complex and attracts traveling nurses
  • Class 4 shingle 25-year roof and professionally installed radon mitigation(2021)
  • Aurora projected to have a population growth of over 40% by 2050
  • Each unit has extra storage
  • Billback utilities (currently owner pays water, sewer, heat, trash, laundry) to increase NOI
  • Lower than market rate rentals, increase to market to increase income potential

OVERVIEW

The Vermont Apartments is a prime 8-unit investment opportunity in the heart of Aurora’s fast-growing Delmar Parkway neighborhood. This well-maintained multifamily asset combines strong in-place fundamentals with exceptional value-add potential. Each of the eight units has been thoughtfully renovated with updated interiors and modern appliances, offering turnkey appeal for tenants. Major capital upgrades include a 25-year Class 4 impact-resistant roof and a professionally installed radon mitigation system, both completed in 2021. The property features secure building access, on-site laundry, and private basement storage for each unit. With a Walk Score of 83, residents enjoy easy access to nearby restaurants, coffee shops, and grocery stores—enhancing both livability and rental demand. Current rents are below market, and the absence of a utility billback system presents immediate upside for increasing net income. Located just minutes from the Anschutz Medical Campus, the building is perfectly positioned for conversion to mid-term rentals catering to traveling nurses and healthcare professionals, unlocking even greater income potential. The property also benefits from proximity to three major city-led redevelopment projects: the Fitzsimons Village mixed-use transformation, the East Colfax Corridor Revitalization with a planned BRT transit line, and the Havana/11th/Del Mar infrastructure improvement initiative. With Aurora projected to grow by more than 40% by 2050, this property stands at the intersection of long-term appreciation, sustained demand, and smart urban development—making it a standout multifamily opportunity in one of metro Denver’s most promising submarkets.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

8

PRICE/UNIT

$171,875

CAP RATE

7.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Vermont

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

OA-RMU

APN/PARCEL ID

1973-02-2-16-024

ASK ABOUT THIS PROPERTY

Valerie CannistraroRE/MAX Alliance-BoulderMore Info
303-618-1171

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Valerie CannistraroRE/MAX Alliance-BoulderMore Info
303-618-1171

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