- (719) 362-0335
- SoCoHomes
Ambyr Kirkpatrick
SQUARE FEET12,750
MLS#8685558
STATUSActive
PROPERTY TYPECommercial - Business
Listing Courtesy of:
Keller Williams Integrity Real Estate LLC
Agency Contact: MichelleDirect@kw.com,720-575-2870
Property Description
11948 E. 17th Avenue presents an exceptional value-add opportunity with significant upside in one of Metro Denvers strongest rental markets. This approved short sale features 18 apartment units directly across from the CU Anschutz Medical Campus and is priced at just $2.1 million.The property includes five (5) three-bedroom, twelve (12) two-bedroom, and one (1) one-bedroom apartments, offering multiple strategies for increasing NOI through lease-up, renovations, and operational improvements. Investors may also explore mid-term rental opportunities to serve the areas growing healthcare workforce.With a projected after-repair value (ARV) of $2.8M?$2.9M, this is an outstanding opportunity for investors seeking immediate upside and long-term appreciation. Financial projections assume a $200,000 capital improvement investment during Year 1, resulting in a projected Year 2 pro forma cap rate of 8.84%.Approved Short Sale ? Seller Encourages All Offers. Contact the listing team for the Offering Memorandum, financials, and a private tour.
Property Features
Property Type: Commercial - Business
Lot Size: 0.31 Acres
Stories: 3.0
Taxes: $20,381
Year Built: 1971
Feature Descriptions
Days on Site: 3
Exclusions: Tenant personal property
Exterior: Brick, Frame
Lot: Corner Lot
Parcel#: R0097574
Sewer: Public Sewer
Units: 18
Water: Public
Listed By / Shown By
Listed By
Agency Name: Keller Williams Integrity Real Estate LLC
Agency Contact: MichelleDirect@kw.com,720-575-2870
Shown By
Agent Name: Ambyr Kirkpatrick
Agent Phone: (719) 362-0335
Agency Title: The Cutting Edge, Realtors
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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11948 E 17th Avenue | MLS# 8685558
This commercial property located at 11948 E 17th Avenue, Aurora, CO 80010 is currently listed for sale with an asking price of $2,100,000. Search Aurora real estate on akirkpatrick.thecuttingedgerealtors.com today.