Log In/Sign Up
Your email has been sent.
11948 E 17th Ave
Aurora, CO 80010
The LeBaron Apartments · Multifamily Property For Sale
·
18 Units
Investment Highlights
- Prime Location: Directly across the street from CU Anschutz Medical Campus, Children's Hospital Colorado, and UCHealth University of Colorado Hospital
- Strong Rental Demand: Ideal for student housing, traveling healthcare professionals, or long-term tenants seeking proximity to employment centers.
- Located within a Qualified Opportunity Zone, offering potential tax advantages for eligible investors.
- Value-Add Potential: 18-unit multifamily building with significant upside. Ready to be leased or repositioned for increased NOI.
- Desirable Unit Mix of 3 bedroom, 2 bedroom and 1 bedroom units.
- Public Transit & Amenities: Close to RTD light rail, Colfax corridor retail, and central Denver access.
Executive Summary
11948 E. 17th Avenue is an 18-unit value-add multifamily investment opportunity located directly across from the University of Colorado Anschutz Medical Campus. Positioned for lease-up and strategic capital improvements, the property offers investors the opportunity to increase NOI while targeting an estimated after-repair value (ARV) of $2.8–$2.9 million. 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 capitalize on multiple value-add strategies, including lease-up, unit renovations, Housing Choice Voucher (Section 8) rent potential, mid-term rentals for healthcare professionals, and future redevelopment potential. Located within a Qualified Opportunity Zone and minutes from Stanley Marketplace, Lowry, and Central Park, this asset offers exceptional upside in one of Metro Denver's strongest healthcare-driven rental markets. Pro forma financials assume a $200,000 investment in capital improvements and renovations during Year 1. The projected 8.84% cap rate is based on Year 2 stabilized operations following completion of improvements, lease-up, and projected rental increases. Buyers are encouraged to perform their own independent underwriting and due diligence.
Property Facts
| Price Per Unit | $116,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 8.84% | Building Size | 12,970 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1971 |
| Apartment Style | Low-Rise | Parking Ratio | 1.31/1,000 SF |
| Zoning | MU-FB - Mixed-Use Fitzsimons Boundary District | ||
| Price Per Unit | $116,667 |
| 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 |
Property Taxes
| Parcel Number | 1823-35-4-18-008 | Improvements Assessment | $157,300 |
| Land Assessment | $16,370 | Total Assessment | $173,670 |
Property Taxes
Parcel Number
1823-35-4-18-008
Land Assessment
$16,370
Improvements Assessment
$157,300
Total Assessment
$173,670
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
