For Sale
$5,900,000

152 Del Mar Cir Aurora, CO 80011

37-unit apartment building, excellent upside potential.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
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.

Property Details for 152 Del Mar Cir

Property type
Apartment buildings
Square Feet
28,048 SF
Class
C
Year Built/Renovated
1967/2019
Buildings
2
Stories
4
Lot Size (sq. ft)
27,007 SF
Units
37

Location Insight

City
Aurora
County
Arapahoe
State
Colorado
Latitude
39.7260807
Longitude
-104.8435587

FAQs

What type of property is this?
Apartment building - 37-unit apartment building, excellent upside potential.
Where is the apartment building located?
The property is located at 152 Del Mar Cir Aurora, CO.
What is the asking price?
The asking price for this property is $5,900,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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152 Del Mar Cir
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