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Multifamily

Fitz on 14th

13686 E 14th Avenue, Aurora, CO 80011

Listing Price: Request For Offer

Number of Units
176
Occupancy
91.7%
Gross SF
111,160

Investment Overview

The Fitz on 14th Apartments is characterized by an unparalleled location, exceptional regional accessibility, and a proven value-add strategy. With many capital improvements recently completed, new ownership has the opportunity to focus their time and capital on revenue generating improvements. With current rents approximately 15.4% below market rates for renovated units, new ownership has the ability to increase rents with a weighted average capital investment of approximately $4,865/Unit required and realize approximately $409,308 in gross scheduled rent, significantly boosting NOI and drastically increasing the propertys value.

Investment Highlights

  • Newly Renovated and Upgraded Interiors (50 Units)
  • Wood Plank Style Flooring in Kitchens and Baths
  • Community Picnic and BBQ Courtyards

Exclusively Listed By

Multifamily

Fitz on 14th

Listing Price: Request For Offer

Number of Units
176
Occupancy
91.7%
Gross SF
111,160

Investment Highlights

  • Newly Renovated and Upgraded Interiors (50 Units)
  • Wood Plank Style Flooring in Kitchens and Baths
  • Community Picnic and BBQ Courtyards

Investment Overview

The Fitz on 14th Apartments is characterized by an unparalleled location, exceptional regional accessibility, and a proven value-add strategy. With many capital improvements recently completed, new ownership has the opportunity to focus their time and capital on revenue generating improvements. With current rents approximately 15.4% below market rates for renovated units, new ownership has the ability to increase rents with a weighted average capital investment of approximately $4,865/Unit required and realize approximately $409,308 in gross scheduled rent, significantly boosting NOI and drastically increasing the propertys value.

Exclusively Listed By

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