1391 Lima St Active Save Request In-Person Tour Request Virtual Tour
Aurora,CO 80010
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Subdivision Aurora Heights
MLS Listing ID 1019856
Bedrooms 7
HOA Y/N false
Year Built 1965
Annual Tax Amount $7,130
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Income Property
Source IRES MLS
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
Community Extra Storage
Area Metro Denver
Zoning OA-RMU
Rooms
Basement None
Interior
Heating Radiator
Cooling Room Air Conditioner
Fireplaces Type None
Fireplace false
Laundry Common Area
Exterior
Community Features Extra Storage
Utilities Available Natural Gas Available,Electricity Available
Roof Type Composition
Street Surface Paved
Building
Lot Description Corner Lot,Level
Story 2
Sewer City Sewer
Water City Water,City
Level or Stories Two
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Kenton
Middle Schools South
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community false
Tax ID 197302216024
SqFt Source Assessor
Special Listing Condition Private Owner