15800 13 Ave Aurora, CO 80011
- Commercial real estate
- 22,080 SF
- 1.03 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 15800 13 Ave
- Year built
- 1979
- Lot size
- 1.03 lot acres
- Property size
- 22,080 SF
- Property type
- Commercial real estate
Description
This exceptional 24-unit apartment building, situated on a 1.03-acre lot in Aurora, Colorado (80011), presents a compelling investment opportunity. Built in 1979 and renovated in 2016, the property boasts 22,080 square feet and features 24 spacious two-bedroom units, each equipped with in-unit laundry and a fireplace. The R-3 zoning allows for flexibility in future development. Located just two blocks from the High Line Canal trail, the property benefits from its proximity to outdoor recreation and the Anschutz Medical Campus, a major local employer. Each unit is individually deeded, providing investors with the option to sell units individually or pursue a condo conversion. A strategic investment of $7,500 per unit is projected to yield immediate rent increases and strong cash flow. The property's high demand unit mix, combined with its prime location and flexible ownership structure, makes it an ideal asset for investors seeking significant returns. The potential for implementing a utility reimbursement program further enhances the property's income potential. This is a rare opportunity to acquire a well-maintained asset with significant upside potential in a dynamic Aurora submarket.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.80478666077
- Latitude
- 39.737392909368
