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+17205263770
Boulder Luxury
11916 E 14th Ave, Aurora, CO 80010
- $1,776,000
- List Price
- $1,776,000
- Status
- ACTIVE
- MLS#
- 1050763
- Year Built
- 1960
- Region
- Metro Denver
- Subdivision
- Green Tree Acres
Property Description
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.
Additional Information
- Taxes
- $12,398
- School District
- Adams-Arapahoe 28J
- Elementary School
- Kenton
- Middle School
- Aurora Quest
- High School
- Aurora Central
- Heating
- Forced Air
- Cooling
- Window/Wall
- Utilities
- Separate Meters, Separate Meters
- Tenant Pays
- Deposit, Gas, Electricity, Water, Sewer
- Zoning
- Resi
Listing courtesy of Marc Lippitt.
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