Pinon Place Apartments | 15800-15830 E 13th Ave
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Pinon Place Apartments 15800-15830 E 13th Ave
24 Unit Apartment Building For Sale Aurora, CO 80011
Investment Highlights
- All 24 units are separately deeded, offering the flexibility to sell individual units or pursue a condo conversion strategy.
- Situated just two blocks from the High Line Canal trail, offering residents access to outdoor recreation and enhancing the property's appeal.
- Invest $7,500 per unit to modernize interiors and significantly increase rental income. Proven strategy with immediate ROI through rent escalations.
- All units are large two-bedroom layouts with in-unit laundry and fireplaces, features highly desirable to renters in the Aurora market.
- Implement a utility reimbursement program to increase revenue and improve the property's overall financial performance.
Executive Summary
Pinon Place Apartments offers investors a compelling opportunity to acquire a well-maintained asset with significant upside potential in Aurora, Colorado. The property consists of 24 large two-bedroom units, each with in-unit laundry and a fireplace. A strategic investment of $7,500 per unit will allow for immediate rent increases and strong cash flow. The property's proximity to the Anschutz Medical Campus, a major employer in the area, further enhances its appeal. With individual unit ownership and the potential for condo conversion, Pinon Place
provides investors with flexible exit strategies. Don't miss this chance to acquire a prime asset in a dynamic submarket with a clear path to maximizing returns.
provides investors with flexible exit strategies. Don't miss this chance to acquire a prime asset in a dynamic submarket with a clear path to maximizing returns.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 1.03 AC |
| No. Units | 24 | Building Size | 25,056 SF |
| Property Type | Multifamily | Average Occupancy | 4% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built/Renovated | 1979/2016 |
| Building Class | C | Parking Ratio | 2.39/1,000 SF |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 25,056 SF |
| Average Occupancy | 4% |
| No. Stories | 3 |
| Year Built/Renovated | 1979/2016 |
| Parking Ratio | 2.39/1,000 SF |
Unit Amenities
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 24 | $1,690 CAD | 920 |
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zoning
| Zoning Code | R-3 |
| R-3 |
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Pinon Place Apartments | 15800-15830 E 13th Ave
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