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High Line Flats 16300 E Colfax Ave

48 Unit Block of Flats £6,681,514 (£139,198/Unit) 6.05% Net Initial Yield 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 £6,681,514
Price Per Unit £139,198
Sale Type Investment
Net Initial Yield 6.05%
No. Units 48
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.88 AC
Building Size 31,096 SF
Average Occupancy 95%
Number of Floors 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 £954.50 602
2+1 24 £1,114 800

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1975-05-1-01-033
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£329,617 (2024)

zoning

Zoning Code R-3
R-3
  • Listing ID: 33041713

  • Date on Market: 03/09/2024

  • Last Updated:

  • Address: 16300 E Colfax Ave, Aurora, CO 80011

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