Listed by MMG
$12,800,000
Amber Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 62,220
Cap Rate 4.92%
NOI $629,177
Occupancy 97%
Pro-Forma Cap Rate 5.27%
Pro-Forma NOI $674,640
Price per SqFt $206
Stories 6
Acreage 0.680
Parking Spaces 93 spaces
Parking Per SqFt 1.49
68 Units in Aurora, CO w/ 3.30% Assumable Debt through 10/29
Marketing description
As exclusive Advisor, MMG is pleased to present Amber Apartments, a compelling opportunity to acquire a recently updated 68-unit multifamily asset in one of Denver’s most dynamic and rapidly growing submarkets. With its strategic location just steps from the Fitzsimons Health Campus, a strong mix of modernized units, and clear value-add potential through rent growth, Amber Apartments is well-positioned to deliver both immediate cash flow and long-term upside. This offering benefits from strong local demand drivers, walkable amenities, and proximity to one of the region’s most significant employment and development hubs.
Investment highlights
- Prime Location Near Major Employment Hub: Amber Apartments is strategically located just one block from the Fitzsimons Health Campus, one of the largest medical campuses in the region with over 15,000 employees across 80 organizations. This proximity provides residents with exceptional access to stable employment opportunities and daily traffic from medical professionals, making it a strong driver of consistent rental demand.
- Walkable to Amenities and Lifestyle Destinations: The property is surrounded by an increasing number of modern amenities, including the Hyatt Regency Denver Conference Center, Starbucks, Panera Bread, and other popular establishments. Just five minutes away is the Stanley Marketplace, home to more than 50 independently owned Colorado businesses, including restaurants, fitness studios, retail shops, and entertainment venues—adding to the neighborhood’s vibrant, local feel.
- Growing, Diverse, and Affordable Submarket: Located in the rapidly growing Fitzsimons neighborhood, Amber Apartments benefits from strong demographic tailwinds driven by nearby industry growth in healthcare and technology. The area is known for its cultural diversity and affordability, attracting a broad range of tenants including families, healthcare professionals, and young individuals seeking proximity to downtown Denver at a lower cost of living.
- Recent Renovations Provide Strong Physical Asset Quality: The property has undergone significant recent upgrades, including new interior paint, updated kitchens with modern cabinetry, countertops, and appliances, as well as electric stoves and dishwashers. Many units also have in-unit washer/dryer. These improvements enhance the tenant experience while reducing the need for immediate capital expenditures, offering investors a well-maintained and attractive asset from day one.
- In-Demand Unit Mix with Modern Amenities: Amber Apartments features a diverse unit mix including studios, one-, two-, and three-bedroom units. Residents enjoy large closets, AC, balconies, on-site laundry, free wireless internet, and off-street parking. An on-site manager adds further operational convenience and tenant satisfaction.
- Clear Value-Add Through Rent Upside: With the recent renovations complete and the property located in a rapidly developing area, Amber Apartments presents a clear and achievable value-add opportunity through rent increases. Rents can be raised to better align with the market, especially as nearby development continues to drive up demand and rental rates.
- Attractive Long-Term Strategy Supported by Area Growth: Positioned near one of the state’s largest medical campuses and within minutes of Stanley Marketplace, Amber Apartments is poised to benefit from ongoing urban development and tenant demand. The combination of stable income, rent growth potential, and a location seeing consistent investment and transformation makes this a compelling opportunity for both near-term returns and long-term appreciation.
Listing Contacts
Listed by MMG
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$629,177.00
$52,431.42/mo
Valuation Metrics
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DSCR
4.92%
Cap Rate
4.92%
ROI
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