11948 E 17th Avenue is a Value-Add, 18-unit multifamily building in North Aurora with significant upside. Ready to be leased or repositioned for increased NOI. Motivated Seller! Featuring 18 recently updated units, 5 three bedroom apartments, 12 two bedroom apartments, and one 1 bedroom apartment. Includes a laundry room with seller owned washer and dryers for additional income. Building is up to code to collect higher section 8 income. Great location on a Main Street for higher visibility that offers a steady flow of leads for new tenants. Located right across the street from the Anschutz University Medical Center Campus, which includes UCHealth University of Colorado Hospital, Children’s Hospital and the new VA Hospital. 2 miles to Stanley Marketplace, the Lowry neighborhood, and the Central Park neighborhood of Denver.
HIGHLIGHTS
-Prime Location: Just 1 block from CU Anschutz Medical Campus, Colorado’s premier medical and research hub with over 25,000 students, staff, and faculty. Plus Children's Hospital and VA Hospital.
-Desirable Unit Mix of 3 Bedroom and 2 bedroom units.
-Value-Add Potential: 18-unit multifamily building with significant upside. Ready to be leased or repositioned for increased NOI.
-Updated Units: All units have been remodeled or upgraded to varying extents—perfect for investors to complete final touches and maximize rental rates.
-Strong Rental Demand: Ideal for student housing, traveling nurses, hospital staff, or long-term tenants seeking proximity to employment centers.
-Motivated Seller: Seller is seeking a fast and smooth transaction—bring offers!
-Opportunity Zone: Potential tax advantages for long-term investors.
-Public Transit & Amenities: Close to RTD light rail, Colfax corridor retail, and central Denver access.
