Address
11948 E 17th Avenue, Aurora, CO
Price
$ 2,100,000
Property Attributes
- MLS#8685558
- TypeCommercial
- Listing Status Active
- CountyADAMS
- CityAurora
- Zip80010
- StyleLow Rise (1-3)
- Year Built1971
- Taxes$ 20381
- Price$ 2,100,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage12750
- Lot Size0.31 Acres
Data Source:
REColorado (MTOMLS)
Property Description
11948 E. 17th Avenue presents an exceptional value-add opportunity with significant upside in one of Metro Denver's strongest rental markets. This approved short sale features 18 apartment units directly across from the CU Anschutz Medical Campus and is priced at just $2.1 million. The property includes five (5) three-bedroom, twelve (12) two-bedroom, and one (1) one-bedroom apartments, offering multiple strategies for increasing NOI through lease-up, renovations, and operational improvements. Investors may also explore mid-term rental opportunities to serve the area's growing healthcare workforce. With a projected after-repair value (ARV) of $2.8M–$2.9M, this is an outstanding opportunity for investors seeking immediate upside and long-term appreciation. Financial projections assume a $200,000 capital improvement investment during Year 1, resulting in a projected Year 2 pro forma cap rate of 8.84%. Approved Short Sale – Seller Encourages All Offers. Contact the listing team for the Offering Memorandum, financials, and a private tour.
| Price History | |
|---|---|
| 7/27/2026 | Listed $2,100,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Possession | Immediate,Subject To Tenant Rights |
| Zoning | MU-FB |
| Construction Materials | Brick,Frame |
| Exclusions | Tenant personal property |
| Year Built | 1971 |
| Stories Count | 3 |
| Property Subtype | Multi Family |
| Tax Year | 2025 |
| Current Use | Multi-Family |
| Building Name | Lebaron Apartments |
| County | Adams |
| Property Type | Commercial Sale |
| Attached Garage | No |
| Status | Active |
| City | Aurora |
| Number Of Units Total | 18 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 13373 |
| Listing Terms | Cash |
| Tax Annual Amount | 20381 |
| Lease Considered Y/N | No |
| Structure Type | Low Rise (1-3) |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Cap Rate | 8.84 |
Exterior Features
| Lot Features | Corner Lot |
|---|---|
| Water Source | Public |
| Total Parking | 17 |
| Lot Size Area | 13373 |
| Building Area Total | 12750 |
| Lot Size Acres | 0.31 |
| Road Surface Type | Paved |
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 80010
Price
Taxes
Year Built
Visits
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO©. Real estate listings held by brokers other than Luxe Haven Realty LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. September 26, 2026 10:30 PM UTCd
