Listed By:
GENESEE COMMERCIAL GROUP LLC;
Address
152 Del Mar Circle, Aurora, CO
Price
$ 5,400,000
Property Attributes
  • MLS#7994822
  • TypeCommercial
  • Listing Status Active
  • CountyARAPAHOE
  • CityAurora
  • Zip80011
  • Style
  • Year Built1967
  • Taxes$ 26536
  • Price$ 5,400,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage28048
  • Lot Size0.62 Acres
Data Source:
REColorado (MTOMLS)
Property Description

Colony House Apartments is a secured 37 unit apartment building with a mix of (1) one-studio, (34) thirty-four one bedroom/1 bathroom and (3) three, two bedroom units. Over 80% of the units have been remodeled since 2020 with new cabinets, flooring, new double paned windows… The building is 4 stories and service with a new elevator (2017). It has a pool that has been covered and all mechanical systems are still in place. Boiler and water heater were replaced in 2025. Rent upside in this secure building with a 16-camera security system. On-site office and two storage sheds. The parking lot has (35) thirty-five off-street parking spots with additional on street parking. Next door to King Soopers grocery store and bus routes. Across the street from Aurora senior center and recreation center including large park. Only 2 miles from Aurora medical complex and I-225 via Alameda Ave. Upside in rents and utility bill back for gas, water, and trash.

Price History
7/31/2024 Listed $5,900,000
4/8/2025 4$5,700,000
5/29/2026 6$5,400,000

General Features

Sewer Public Sewer
Utilities Cable Available,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Phone Available,Sewer Connected
Roof Composition
Security Features Carbon Monoxide Detector(s),Closed Circuit Camera(s),Security Lights,Security System,Smoke Detector(s)
Construction Materials Brick
Year Built 1967
Tenant Pays Electricity,Internet,Telephone
Property Subtype Multi Family
Tax Year 2023
Current Use Multi-Family
Gross Income 512373
OwnerPays Gas,Taxes,Trash Collection,Water
Building Name Colony House Apartments
County Arapahoe
Operating Expense 170285
Property Type Commercial Sale
Attached Garage No
Status Active
City Aurora
Number Of Units Total 37
Lot Size Units Acres
Lot Size Square Feet 27007.2
Listing Terms Cash,Conventional
Tax Annual Amount 26536
Leasable Area 26520
Lease Considered Y/N No
Standard Status Active
Occupancy Type Tenant
Cap Rate 6

Exterior Features

Exterior Amenities Lighting
Parking Features Asphalt,Lighted
Lot Features Corner Lot,Near Public Transit
Water Source Public
Total Parking 35
Lot Size Area 0.62
Building Area Total 28048
Lot Size Acres 0.62
Road Surface Type Paved
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 80011

Price
AVG $2.38M
$5.4M
Taxes
AVG $13,243
$26,536
Year Built
AVG 1980
1967
Visits
AVG 110
197
Data Provided by Inside Real Estate®