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.
HIGHLIGHTS
-Prime Location: Directly across the street from CU Anschutz Medical Campus, Children's Hospital Colorado, UCHealth University of Colorado Hospital, and the Rocky Mountain Regional VA Medical Center.
-Desirable Unit Mix of 3 bedroom, 2 bedroom and 1 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 healthcare professionals, or long-term tenants seeking proximity to employment centers.
-Motivated Seller: Seller is seeking a fast and smooth transaction—bring offers!
-Located within a Qualified Opportunity Zone, offering potential tax advantages for eligible investors.
-Public Transit & Amenities: Close to RTD light rail, Colfax corridor retail, and central Denver access.
