1391 Lima Aurora, CO 80010

Building Details

Year Built

1965

Listing office LoKation Real Estate v***@platinumpropertiescolorado.com Show Phone

Listing date Oct 7, 2025

Source Corcoran

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Investment Insights

Based on property information with market context.

Located in the Delmar Parkway neighborhood, this 8-unit multifamily property is positioned to benefit from Aurora's anticipated growth. The property is currently operating at a 6.5% actual cap rate. Adjustments such as rent increases and adding a utility billback system could potentially raise returns to at least 7.4%. The property may be suitable for mid-term rentals catering to traveling nurses, due to its proximity to Anschutz Medical Campus. Each unit features modern finishes and newer appliances. Recent upgrades include a 25-year Class 4 impact-resistant roof and a radon mitigation system completed in 2021. The building provides secure access, on-site laundry, and private basement storage for each unit. The property has a Walk Score of 83, offering tenants access to restaurants, coffee shops, and grocery stores.

Key Highlights

• Strong 6.5% actual cap rate with potential to increase to at least 7.4%.
• Prime location in the rapidly growing Delmar Parkway neighborhood.
• Proximity to Anschutz Medical Campus makes it ideal for mid‑term rentals.

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FAQs

What type of property is this?

Apartment building - 8-unit multifamily property with strong cash flow and upside.

Where is this apartment building located?

The property is located at 1391 Lima Aurora, CO.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Strong 6.5% actual cap rate with potential to increase to at least 7.4%.; Prime location in the rapidly growing Delmar Parkway neighborhood.; Proximity to Anschutz Medical Campus makes it ideal for mid‑term rentals.