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11916 E 14th AveAurora, CO 80010

Green Tree Acres · Arapahoe County

$1,776,000List price
1960Year built
0.33Acre lot
9 months agoOn market

Description

11916 & 12000 E 14th Avenue is a 16-unit multifamily property located in Aurora, Colorado, consisting of two two-story brick apartment buildings constructed in 1960. The property sits on a 14,331 square foot lot and totals approximately 8,876 gross building square feet. The unit mix is comprised entirely of one-bedroom, one-bathroom units averaging approximately 500 square feet. Eleven of the sixteen units have been upgraded, offering additional upside through renovation of the remaining interiors. Recent capital improvements include new apartment security doors installed in both buildings in 2023 and full boiler replacements in 2024, reducing near-term capital exposure. The property also presents an opportunity to increase net operating income through the implementation of a utility bill-back program, allowing ownership to recapture a portion of currently landlord-paid utilities and improve cash flow.

Property Information

Property type
Residential Income
Sub-type
Multi Family
Year built
1960
Lot size
0.33 acres
Parking spaces
16
Zoning
Resi
Days on market
276
MLS® Listing#
1050763

Property Features

Cooling
Wall/Window Unit(s)
Heating
Forced Air
Basement
None
Lot features
Level
Construction
Brick
Roof
Flat
Water source
Public

Schools

Elementary
Kenton
Middle
Aurora Quest
High
Aurora Central

Financial Details

HOA
None
Annual taxes
$12,398Tax year 2024
Parcel number
1973-02-1-04-005

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