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$ 1,375,000
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1391 Lima ST Aurora, CO 80010
6,011 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3317736
HOA Y/N No
Year Built 1965
Annual Tax Amount $7,130
Tax Year 2023
Lot Size 6,011 Sqft
Acres 0.14
Property Sub-Type Multi Family
Source recolorado
Property Description
The Vermont Apartments is a prime 8-unit investment opportunity in the heart of Aurora's fast-growing Delmar Parkway neighborhood. This well-maintained multifamily asset combines strong in-place fundamentals with exceptional value-add potential. Each of the eight units has been thoughtfully renovated with updated interiors and modern appliances, offering turnkey appeal for tenants. Major capital upgrades include a 25-year Class 4 impact-resistant roof and a professionally installed radon mitigation system, both completed in 2021. The property features secure building access, on-site laundry, and private basement storage for each unit. With a Walk Score of 83, residents enjoy easy access to nearby restaurants, coffee shops, and grocery stores—enhancing both livability and rental demand. Current rents are below market, and the absence of a utility billback system presents immediate upside for increasing net income. Located just minutes from the Anschutz Medical Campus, the building is perfectly positioned for conversion to mid-term rentals catering to traveling nurses and healthcare professionals, unlocking even greater income potential. The property also benefits from proximity to three major city-led redevelopment projects: the Fitzsimons Village mixed-use transformation, the East Colfax Corridor Revitalization with a planned BRT transit line, and the Havana/11th/Del Mar infrastructure improvement initiative. With Aurora projected to grow by more than 40% by 2050, this property stands at the intersection of long-term appreciation, sustained demand, and smart urban development—making it a standout multifamily opportunity in one of metro Denver's most promising submarkets.
Location
State CO
County Arapahoe
Interior
Fireplace N
Exterior
Roof Type Wood
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Brick
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by RE/MAX ALLIANCE