152 Del Mar Cir Aurora, CO 80011

This exceptional investment opportunity presents a well-maintained, 37-unit apartment building located at 152 Del Mar Cir, Aurora, CO 80011. The property, known as Colony House Apartments, boasts a total of 28,048 square feet across two, four-story buildings, constructed in 1967 and extensively renovated between 2019 and 2020. The unit mix includes one studio, thirty-four one-bedroom/one-bathroom units, and two two-bedroom units. Over 80% of the units feature updated cabinets, flooring, and double-paned windows. Building amenities include a new elevator (installed 2017), a covered pool (equipment in place), a side office, two storage sheds, and 35 off-street parking spaces with additional on-street parking available. The property sits on a 0.62-acre lot (APN: 1973-01-3-12-004) and is zoned R-4. Its prime location offers convenient access to King Soopers, bus routes, the Aurora Senior Center, a large park, and is within two miles of the Aurora Medical Complex and I-225 via Alameda Avenue. Significant upside potential exists through rental increases and utility bill back opportunities for gas, water, and trash. The building also features a 16-camera security system. The asking price is $5,900,000, representing a price per unit of $159,459.46 and a price per square foot of $210.35. This property is offered as a 1031 exchange opportunity.