REO | 12 Unit Multifamily Building
Lender-Owned / REO Acquisition Opportunity
Marketing description
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Property tours are available by appointment only. Please contact the listing broker to schedule a tour.
Lender-Owned / REO Acquisition Opportunity
1392 Jamaica presents a rare opportunity to acquire a lender-owned multifamily asset at an attractive basis. The Property consists of 12 apartment units within a low-rise community in Aurora, immediately east of Downtown Denver. As a lender-owned disposition, the offering provides investors with the opportunity to acquire a physical asset through a motivated sales process.
Significant Value-Add Upside
The Property offers investors a compelling value-add opportunity through strategic interior renovations, operational enhancements, and targeted capital improvements. Coupled with the Property’s REO status and attractive acquisition basis, investors have the opportunity to unlock substantial NOI growth and create long-term value through a disciplined repositioning strategy.
Proximity to Major Employment Centers
The Property benefits from a strategic location near some of Metro Denver’s largest employment hubs, providing residents with convenient access to a diverse base of healthcare, government, aerospace, education, and professional service employers. The Property is located minutes from the Anschutz Medical Campus, Buckley Space Force Base, Aurora City Center, and Downtown Denver, while offering strong connectivity via I-225, Colfax Avenue, and RTD transit routes.
Urban Denver Recovery & Long-Term Growth Drivers
Metro Denver’s urban ring is entering the next phase of its recovery-growth cycle, supported by more than $4.5B in public and private investment, improving office utilization, retail activation, and continued population growth. As supply pressures moderate and demand strengthens, well-located affordable rental assets such as 1392 Jamaica are positioned to benefit from future rent growth and long-term appreciation within one of Denver’s most resilient rental markets.
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 3% of the Winning Bid Amount
- $10,000 Participation Deposit
- Subject To Seller Approval
1392 Jamaica St, Aurora, CO 80010
Investment highlights
- Lender-Owned / REO Acquisition Opportunity
- Compelling Value-Add Business Plan
- Proximity to Major Employment Centers
- Excellent Transportation Connectivity
- High Barriers to New Development related to Inclusionary Housing Requirements
- Supply-Constrained Infill Location with Limited Future Competition
- Proximity to Downtown Employment Centers and Economic Drivers
- Strong Urban Denver Recovery & Long-Term Growth Tailwinds
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