$5,700,000

Quadruplex In Aurora

  • 58 Beds
  • 58 Baths
  • 40,869 Sqft
  • Updated: Today
  • Source:
    REcolorado  MLS#3201174

About the Property

Marcus & Millichap is pleased to present the Elm Grove Apartments, a 59-unit multifamily property located at 11852 E 16th Avenue in Aurora, Colorado. Built in 1973, the property is situated on approximately 1.03 acres and offers a well-balanced unit mix of three studios and 56 one-bedroom apartments. Studio units average approximately 475 square feet, while one-bedroom units average approximat
Marcus & Millichap is pleased to present the Elm Grove Apartments, a 59-unit multifamily property located at 11852 E 16th Avenue in Aurora, Colorado. Built in 1973, the property is situated on approximately 1.03 acres and offers a well-balanced unit mix of three studios and 56 one-bedroom apartments. Studio units average approximately 475 square feet, while one-bedroom units average approximately 600 square feet.

The Elm Grove Apartments benefits from an attractive location immediately surrounding the Fitzsimons medical campus, positioned between the Fitzsimons campus and Stanley Marketplace. The property offers a primarily one-bedroom floorplan mix that caters to the area’s strong demand from medical professionals, students, and other employment bases associated with the Anschutz Medical Campus. Many units have been renovated with modern shaker cabinetry, quartz countertops, hard-surface vinyl flooring, tile showers, updated vanities, and black appliance packages with microwaves and dishwashers. Additionally, approximately two-thirds of the units feature private balconies, while all one-bedroom units offer walk-in closets.

Current ownership has completed approximately $250,000 of capital improvements over the hold period, including the installation of new electrical panels throughout all units, upgrades to stairways, interior corridors, and unit doors, the addition of an outdoor seating area with covered pergolas, and new property signage. These improvements, combined with the extensive unit renovations, have positioned Elm Grove Apartments as a well-maintained asset with meaningful recent capital investment. The property represents an attractive opportunity to acquire a renovated multifamily asset in a highly desirable Aurora location with convenient access to the Fitzsimons medical campus, Stanley Marketplace, and the broader Denver metro area.
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  • Property type

    Other

  • Year built

    1973

  • Price/sqft

    $139

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11852 E 16th Avenue, Aurora, Colorado, United States View on Google Maps
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Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. - Calabasas

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Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. - Calabasas
California, United States
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2026
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Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. - Calabasas
Calabasas, California, United States
View agency profile
Last updated
Today
First listed
October 10
Listing reference
3201174
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