1733 Paris Street

Aurora, CO 80010

VALUE ADD OPPORTUNITY!!! 8 unit apartment building one block from the Fitzsimons / Anschutz Medical Campus. All units are 1 Bed/1 Bath, four garden-level units and four upstairs units, many updated with vinyl plank flooring. The grounds are xeriscaped and the building has a NEW roof. The building is heated by a central boiler, master metered for gas and electric, tenants are bill $100 per month for utility use. There is space in the building to add a community laundry facility for residents, which would provide additional income to the new owner. There are eight off-street parking spaces to the rear of the property. Entry is through secure front and back doors. Built in 1950, 1733 Paris Street offers residents a prime location next to Fitzsimons / Anschutz Medical Campus and the rest of the Fitzsimons Innovation District as well as surrounding development. This is a value-add opportunity with an achievable 7.50%+ market capitalization rate though improved operations and increasing rents to market, neighboring building is renting the same 1 bed unit for $1300 per month. Given demand from traveling nurses at throughout the medical facilities at Fitzsimons, this creates option to convert leases to mid-term rentals. Mid-term rental rates typically increase monthly income by twenty percent. Please contact Matthew Berk (303) 328.2035, [email protected] or Clayton Primm (303) 590-4537, [email protected] for showings and property information.

Listing courtesy of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. 3033282075



The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO real estate listings held by brokers other than Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.