11948 E 17th AVE Aurora, CO 80010
12,750 SqFt
UPDATED:
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
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
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
- REALTOR ® / Broker Associate License ID: FA.100108858
As a Colorado resident for more than 20 years, I’ve raised my family in Castle Rock and have a deep appreciation for the community, lifestyle, and natural beauty that make Douglas County such a special place to call home. I love helping buyers and sellers discover opportunities here and sharing what makes this area so unique.
My background in law, sales and marketing leadership, and home design and remodeling gives me a unique edge in real estate. I bring strategic negotiation, thoughtful market insight, and a trained eye for both presentation and value to every client I serve.
Expect More from your real estate experience means more than listing a home or opening doors. For sellers, I offer a full-service approach that may include staging guidance, repair coordination, tailored marketing, professional property videos, social media promotion, and personalized property websites designed to help your home stand out. For buyers, it means careful guidance, honest insight, and a strategic partner who helps you evaluate not just the home you love, but the investment you’re making.
Real estate is still a people-first business, and my goal is to make the buying or selling process smoother, less stressful, and more rewarding from start to finish.