Log In/Sign Up
Your email has been sent.
The LeBaron Apartments 11948 E 17th Ave 18 Unit Apartment Building $2,947,560 CAD ($163,753 CAD/Unit) 8.84% Cap Rate Aurora, CO 80010
Investment Highlights
- Approved Short Sale: Motivated Seller. Bring Offers.
- Premier Medical Location: Directly across from CU Anschutz Medical Campus.
- Desirable Unit Mix: 18 units consisting of 5 three-bedroom, 12 two-bedroom, and 1 one-bedroom apartments.
- Value-Add Opportunity: Lease-up & renovation upside with projected ARV of $2.8M–$2.9M.
- Strong Rental Demand: Excellent potential for long-term tenants, healthcare professionals, students, and mid-term rental opportunities.
- Excellent Accessibility: Minutes from I-225, Colfax Avenue, RTD transit, Stanley Marketplace, and Lowry.
Executive Summary
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.
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.
Property Facts
| Price | $2,947,560 CAD | Building Class | C |
| Price Per Unit | $163,753 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 12,970 SF |
| Cap Rate | 8.84% | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.31/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MU-FB - Mixed-Use Fitzsimons Boundary District | ||
| Price | $2,947,560 CAD |
| Price Per Unit | $163,753 CAD |
| Sale Type | Investment |
| Cap Rate | 8.84% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 12,970 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1971 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | MU-FB - Mixed-Use Fitzsimons Boundary District |
Amenities
Unit Amenities
- Disposal
- Heating
- Refrigerator
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 600 |
| 2+1 | 12 | - | 750 |
| 3+1 | 5 | - | 850 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1823-35-4-18-008 | Improvements Assessment | $222,208 CAD |
| Land Assessment | $23,125 CAD | Total Assessment | $245,333 CAD |
Property Taxes
Parcel Number
1823-35-4-18-008
Land Assessment
$23,125 CAD
Improvements Assessment
$222,208 CAD
Total Assessment
$245,333 CAD
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
The LeBaron Apartments | 11948 E 17th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.