15800 13Th AveAurora, CO 80011

Property Details for 15800 13Th Ave

Year built

1979

Lot size

1.03 AC

Property size (Sq ft)

22,080 SF

Property type

Residential income properties

Property subtype

Multifamily properties

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.

Location Insight

City

Aurora

County

Arapahoe

State

Colorado

Latitude

39.7374

Longitude

-104.805

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