Investment Overview

Marcus and Millichap is pleased to present the Helena Townhomes, a newly constructed 31-unit community located at 1850 S Helena Street, Aurora CO. The current offering is for 22 of the 31 units, 13 of which are completed and rent ready upon approval of certificate of occupancy and 9 units that are ready to be built. The three completed buildings (3, 4 and 7) have a unit mix of 6 two-bedroom/two-bathroom units measuring 1,250 SF and 7 three-bedroom/two-and half-bathroom units averaging 1,660 SF. All units have individual entrances, vaulted ceilings, large open floorplans, attached two-car garages, rear patios, new finishes throughout, and ample closet/storage space. HOA dues will cover trash, roads, streetlights and landscaping. Phase 2 of the project is to complete construction on buildings 5 and 6, a four unit and a five unit which will consist of 4 two-bedroom/two-bathroom units and 5 three-bedroom/two-and half-bathroom units. Building 5 permits have already been pulled and the foundation is already in-place. This is an extremely rare opportunity for an investor to acquire a strong, new construction asset with expansion potential. With a lack of rentals available in the Colorado market, this makes this a desirable rental asset especially since several home buyers have been pushed out of the housing market and forced back in the rental market.