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31247889
31247908

1995 Del Mar Pkwy, Aurora, CO 80010

AR
CO CO 100024441
MMG
JK
CO CO 100017489
MMG
SB
EO-100081587
MMG
Listed by MMG
$3,450,000
73 days on market
Updated 24 days ago

1995 Del Mar Parkway

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 21,925
Units 27
Cap Rate 6.55%
NOI $225,984
Pro-Forma Cap Rate 7.53%
Pro-Forma NOI $259,768
Price per SqFt $157
Year Built 1961
Year Renovated 2020
Buildings 1
Stories 3
Acreage 0.510

Multifamily | 27 Units | $127,778/unit

Marketing description

MMG Real Estate Advisors is pleased to present the opportunity to acquire 1995 Del Mar Pkwy, a renovated multifamily asset located in Aurora, Colorado. Positioned within a major employment corridor of the Denver metro, the property benefits from proximity to leading healthcare, military, aerospace, bioscience, and logistics employers. With renovated units, a rare two-bedroom-heavy unit mix, and clear potential for operational upside, the asset offers investors a stable workforce-housing investment with a defined path to incremental returns.

Investment highlights

Strategic Aurora Location Near Major Employment Drivers: Located in Aurora, Colorado, 1995 Del Mar Pkwy sits at the intersection of several of the Denver metro’s most powerful and enduring employment engines. The property draws on its proximity to the Anschutz Medical Campus and Fitzsimons Innovation Community — one of the nation’s premier health and bioscience hubs — as well as Buckley Space Force Base and a rapidly expanding base of aerospace, logistics, and bioscience employers. Continued infrastructure investment and sustained job growth in the immediate area translate directly into strong, durable rental demand for well-located workforce housing.

Large and Growing Denver Metro Submarket with Diverse Workforce: Aurora represents one of the Denver metro’s largest and most dynamic submarkets, underpinned by a diverse and growing workforce with deep roots in healthcare, bioscience, aerospace/defense, and logistics. The concentration of medical and military employment nearby creates a reliable and resilient renter pool, supporting steady occupancy and positioning the asset well for long-term demand regardless of broader market cycles.

Recently Renovated Units with Additional Upside Potential: The property arrives to market in genuinely move-in-ready condition, with all units renovated as shown in marketing photos. Upgrades include updated kitchens with stainless steel appliances, LVP flooring throughout, and refreshed interior finishes that present well and resonate with today’s workforce renter. Exterior improvements including fresh paint and updated signage give the property strong curb appeal. For a buyer seeking a value-add angle without the heavy lifting of a full renovation, the opportunity to implement a Ratio Utility Billing (RUB) program offers a straightforward path to strengthening operations and driving incremental returns.

Rare Two-Bedroom-Heavy Unit Mix Supporting Strong Demand: The property’s two-bedroom-heavy unit mix is a meaningful differentiator in the Aurora workforce-housing landscape, where this configuration is genuinely hard

to find. Larger units attract a broader and more stable renter base — including healthcare workers, military personnel, and working families — supporting strong occupancy and reduced turnover over time. Functional Unit and Community Amenities Units are well-appointed with renovated interiors, LVP flooring, updated finishes, and notably spacious layouts that give renters the functional square footage they need at an attainable price point. On the community side, on-site laundry and surface parking round out the amenity package, delivering the everyday conveniences that workforce renters prioritize.

Stable Workforce-Housing Investment with Incremental Upside: 1995 Del Mar Pkwy represents a compelling opportunity to acquire a clean, stabilized workforce-housing asset in one of Aurora’s stronger residential pockets. The rare two-bedroom-heavy unit mix, move-in-ready condition, and proven rental demand from nearby employment hubs combine to create a dependable income foundation. Layered on top is a clear and executable path to incremental upside through operational improvements — making this an asset that works both as a stable hold and as a platform for continued value creation.

Listing Contacts

AR
CO CO 100024441
MMG
JK
CO CO 100017489
MMG
SB
EO-100081587
MMG
Listed by MMG

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$225,984.00
$18,832.00/mo

Valuation Metrics

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DSCR
6.55%
Cap Rate
6.55%
ROI

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Additional Information

Name
Adam Riddle
License
CO 100024441
Brokerage
Capstone Companies
Title
VP & Partner
Brokerage Address
1031 Santa Fe Drive
Name
Jason Koch
License
CO 100017489
Brokerage
MMG
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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