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 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
-Value-Add Opportunity: Lease-up and renovation upside with projected ARV of $2.8M–$2.9M.
-Motivated Seller: Approved Short Sale. Seller is seeking a fast and smooth transaction—bring offers!
-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.
-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.
-Public Transit & Amenities: Close to RTD light rail, Colfax corridor retail, and central Denver access.
