Introducing a rare opportunity to acquire a 48-unit multifamily portfolio made up of 4 separate buildings at a 6.14% cap, all situated within a quarter-mile radius in the rapidly transforming North Aurora submarket. This portfolio has undergone extensive renovations, with every unit upgraded to C-class standards, and benefits from affordable rental rates in a high-demand corridor adjacent to the University of Colorado Anschutz Medical Campus. The area’s workforce housing demand remains robust, supported by nearby major hospitals, retail, and public transit.
A new operator can capitalize on:
Immediate upside through lease-up of current vacancies caused by previous management issues, now being stabilized.
Operational efficiency via consolidated geographic footprint.
Optional in-house property management team, allowing for hands-on control or seamless transition to third party management.
This portfolio is ideally positioned to deliver both steady cash flow and long-term appreciation with the opportunity to push rents, reduce vacancy, and implement a RUBS utility reimbursement program if desired.
HIGHLIGHTS
-48 Total Units Across 4 Separate Properties – All located within a compact 0.25-mile radius in North Aurora, CO.
-Significant Capital Improvements Completed – Seller has invested in extensive CapEx across the entire portfolio, with all units remodeled to C-class standards.
-Strong Value-Add Opportunity – Current 12.5% vacancy presents immediate upside due to prior tenant vetting issues; leasing velocity is improving rapidly.
-Efficient Operational Scale – Dense cluster allows for economies of scale in management, maintenance, and leasing operations.
-In-House Management Team Available – Seller will convey the existing team: 2 leasing agents/property managers, 1 bookkeeper, 2 maintenance staff – offering seamless continuity.
-Affordable Housing in High-Demand Location – Strategically positioned near University of Colorado Anschutz Medical Campus, VA Hospital, Children’s Hospital, and Fitzsimons Innovation Campus.
-Proximity to Affluent Neighborhoods – Bordering Central Park Denver, Lowry, and Stapleton, supporting long-term appreciation.
-Strong Section 8 Demand – Area supports stable income with Section 8 rent levels, ideal for workforce housing strategies.
-Scalable Asset for Institutional or Mid-Size Operators – Ideal portfolio to expand footprint or enter the North Aurora market with critical mass.
