High Line Flats | 16300 E Colfax Ave
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High Line Flats 16300 E Colfax Ave
48 Unit Apartment Building $8,400,000 ($175,000/Unit) 6.05% Cap Rate Aurora, CO 80011
Investment Highlights
- Extensive recent upgrades
- Ample parking
- Ideal unit mix
- Prime location
Executive Summary
Capstone presents High Line Flats, a premier investment opportunity located at 16300 E Colfax Avenue in Aurora, CO. This 48-unit property has undergone over $500,000 in recent upgrades, including modernized interiors and enhanced amenities. Featuring a strategic mix of one- and two-bedroom units, it ensures high occupancy and broad market appeal. The property also features 90 parking spaces and is ideally located near major employers such as Anschutz Medical Campus, Buckley Space Force Base, and two Amazon Fulfillment Centers, making it a solid investment in a thriving economic area of the Colorado front range.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| 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 | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $8,400,000 | Building Class | C |
| Price Per Unit | $175,000 | Lot Size | 1.88 AC |
| Sale Type | Investment | Building Size | 31,096 SF |
| Cap Rate | 6.05% | Average Occupancy | 95% |
| No. Units | 48 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 2.89/1,000 SF |
| Apartment Style | Low Rise |
| Price | $8,400,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.05% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.88 AC |
| Building Size | 31,096 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 2.89/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $1,200 | 602 |
| 2+1 | 24 | $1,400 | 800 |
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PROPERTY TAXES
| Parcel Number | 1975-05-1-01-033 | Improvements Assessment | $0 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $414,395 (2024) |
PROPERTY TAXES
Parcel Number
1975-05-1-01-033
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$414,395 (2024)
zoning
| Zoning Code | R-3 |
| R-3 |
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High Line Flats | 16300 E Colfax Ave
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