Multifamily
1995 & 1997 Akron Street
1995 & 1997 Akron Street, Aurora, CO 80010
Listing Price: $2,550,000
Investment Overview
1995 & 1997 Akron Street presents a rare opportunity to acquire a well-maintained, 20-unit multifamily asset located on the Denver–Aurora border, adjacent to the high-demand Central Park neighborhood. Owned by the same family for nearly 30 years, the property benefits from historically strong occupancy, minimal turnover, and consistent income, providing investors with a stabilized base and immediate potential for rental growth.
The unit mix consists of studio and one-bedroom floorplans spread across two all-brick buildings constructed in 1971. Each unit is individually metered for electricity, while ownership currently covers water, sewer, and gas, creating an opportunity to implement utility bill-backs to improve net operating income. Select units have been modestly updated, while the majority offer value-add potential through interior renovations. With in-place rents below market and strong surrounding demand, investors can unlock upside through operational improvements and strategic capital deployment.
1995 & 1997 Akron Street
Investment Highlights
- Strong In-Place Income: Historical occupancy has exceeded 95%, with in-place rents 20 to 30 percent below market, offering upside through lease adjustments and rent growth.
- Value-Add Potential: Around 80 percent of units remain in original condition, creating opportunity to renovate interiors and implement utility bill-backs to increase income.
- Attractive Basis: Acquired at under $200 per square foot and $127,500 per unit, which is well below replacement cost, providing built-in equity and long-term value potential.
Exclusively Listed By
Financing By
Listing Price: $2,550,000
Investment Highlights
- Strong In-Place Income: Historical occupancy has exceeded 95%, with in-place rents 20 to 30 percent below market, offering upside through lease adjustments and rent growth.
- Value-Add Potential: Around 80 percent of units remain in original condition, creating opportunity to renovate interiors and implement utility bill-backs to increase income.
- Attractive Basis: Acquired at under $200 per square foot and $127,500 per unit, which is well below replacement cost, providing built-in equity and long-term value potential.
Investment Overview
1995 & 1997 Akron Street presents a rare opportunity to acquire a well-maintained, 20-unit multifamily asset located on the Denver–Aurora border, adjacent to the high-demand Central Park neighborhood. Owned by the same family for nearly 30 years, the property benefits from historically strong occupancy, minimal turnover, and consistent income, providing investors with a stabilized base and immediate potential for rental growth. The unit mix consists of studio and one-bedroom floorplans spread across two all-brick buildings constructed in 1971. Each unit is individually metered for electricity, while ownership currently covers water, sewer, and gas, creating an opportunity to implement utility bill-backs to improve net operating income. Select units have been modestly updated, while the majority offer value-add potential through interior renovations. With in-place rents below market and strong surrounding demand, investors can unlock upside through operational improvements and strategic capital deployment.
Exclusively Listed By
Financing By
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