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Alissa Rhoades

arhoadeshome@gmail.com +1(970) 646-1925

$ 1,776,000

Est. payment | -/mo

8,876 SqFt

Save

$ 1,776,000

Est. payment | -/mo

Save

8,876 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,876 sqft

Subdivision Green Tree Acres

MLS Listing ID IRE1050763

HOA Y/N No

Year Built 1960

Annual Tax Amount $12,398

Tax Year 2024

Lot Size 0.330 Acres

Acres 0.33

Property Sub-Type Multi Family

Source ires

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.

Location

State CO

County Arapahoe

Community Green Tree Acres

Area Metro Denver

Zoning Resi

Rooms

Basement None

Interior

Heating Forced Air

Cooling Wall/Window Unit(s)

Appliance No Units Furnished

Exterior

Utilities Available Separate Meter Electricity, Separate Meter Gas

View Y/N No

Roof Type Flat

Improvements No

Garage No

Building

Lot Description Level

Water City

Level or Stories Bi-Level

Structure Type Brick

New Construction false

Schools

Elementary Schools Kenton

Middle Schools Aurora Quest

High Schools Adams-Arapahoe 28J

School District Adams-Arapahoe 28J

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Marc Lippitt

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(970) 646-1925

arhoadeshome@gmail.com

Learn More About LPT Realty

11916 E 14th Aurora, CO 80010