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$ 2,100,000
Est. payment | /mo
12,750 SqFt
$ 2,100,000
Est. payment | /mo
12,750 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,750 sqft
Price per Sqft $164
MLS Listing ID 8685558
HOA Y/N No
Year Built 1971
Annual Tax Amount $20,381
Tax Year 2025
Lot Size 0.307 Acres
Acres 0.31
Property Sub-Type Multi Family
Source recolorado
Property Description
11948 E. 17th Avenue presents an exceptional value-add opportunity with significant upside in one of Metro Denver's 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 area's 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.
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 area's 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.
Location
State CO
County Adams
Zoning MU-FB
Interior
Fireplace N
Exterior
Total Parking Spaces 17
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Acceptable Financing Cash
Listing Terms Cash
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Keller Williams Integrity Real Estate LLC
NEARBY SCHOOLS & PROPERTIES
600 East Hopkins Ave Suite 304, Aspen, Colorado, 81611, United States