CO > Aurora
Aurora, CO 80010,1391 Lima ST
Aurora, CO 80010,1391 Lima ST
Aurora, CO 80010,1391 Lima ST
Aurora, CO 80010,1391 Lima ST
Aurora, CO 80010,1391 Lima ST
Aurora, CO 80010,1391 Lima ST
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Brandon Lecocq

Brandon Lecocq

+1(719) 413-6610
$ 1,375,000
Est. payment | /mo

5,320 SqFt

Save
$ 1,375,000
Est. payment | /mo
Save

5,320 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,320 sqft

Price per Sqft $258

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

REColorado (REColorado MLS)
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by RE/MAX ALLIANCE
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At EPIQUE Realty, we are dedicated to providing top-tier service, expert market knowledge, and a seamless buying or selling experience. Whether you're searching for your dream home or looking to sell for the best value, our team is committed to guiding you every step of the way. Fill out the form here to get started with Brandon and EPIQUE Realty today!

+1(719) 413-6610

brandonlecocq.co@gmail.com

1400 16th St, Denver, CO, 80202-1470, USA

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