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11916 & 12000 E 14TH AVE 2 Multifamily Properties Offered at $1,776,000 in Aurora, CO
Executive Summary
11916 & 12000 E 14th Avenue is a 16-unit multifamily property located in Aurora, Colorado, consisting of two two-story brick apartment buildings constructed in 1960. The property sits on a 14,331 square foot lot and totals approximately 8,876 gross building square feet. The unit mix is comprised entirely of one-bedroom, one-bathroom units averaging approximately 500 square feet. Eleven of the sixteen units have been upgraded, offering additional upside through renovation of the remaining interiors. Recent capital improvements include new apartment security doors installed in both buildings in 2023 and full boiler replacements in 2024, reducing near-term capital exposure.
The property also presents an opportunity to increase net operating income through the implementation of a utility bill-back program, allowing ownership to recapture a portion of currently landlord-paid utilities and improve cash flow.
The property also presents an opportunity to increase net operating income through the implementation of a utility bill-back program, allowing ownership to recapture a portion of currently landlord-paid utilities and improve cash flow.
Property Facts
| Price | $1,776,000 | Number of Properties | 2 |
| Price / SF | $196.98 / SF | Individually For Sale | 0 |
| Cap Rate | 7.62% | Total Building Size | 9,016 SF |
| Sale Type | Investment | Total Land Area | 0.33 AC |
| Status | Active |
| Price | $1,776,000 |
| Price / SF | $196.98 / SF |
| Cap Rate | 7.62% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 9,016 SF |
| Total Land Area | 0.33 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 11916 E 14th Ave, Aurora, CO 80010 | Multifamily | 4,508 SF | 1960 | - |
| 12000 E 14th Ave, Aurora, CO 80010 | Multifamily | 4,508 SF | 1960 | - |
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11916 & 12000 E 14TH AVE
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