Aurora, CO 80010

Property Description

NorthPeak Commercial Advisors is pleased to present to qualified investors the opportunity to purchase a fee-simple interest in Greenleaf Apartments (1571 Beeler St.) and Villa Verde Apartments (1642 Alton St.) located in Aurora, CO. Between the two buildings there are a total of 86 rentable units with an attractive unit-mix. The owners recently converted a community center in Greenleaf into a 3Br/1Ba unit and office at Villa Verde into a 2Br/1Ba, adding significant additional revenue to the bottom line. Both units were apartment units previously before being converted to office/community center. Management currently utilizes a converted 1Br/1Ba unit at Greenleaf Apartments as a leasing office for both properties. Built in 1970 and 1979 respectively, Greenleaf Apartments & Villa Verde Apartments are both low-rise brick buildings with exterior walkways built around central courtyards, picnic areas and playgrounds. Greenleaf Apartments is an elevator served building while Villa Verde is not. The properties are located approximately one block away from each other and within walking distance to public transportation, employment centers, health care facilities, restaurants, and shopping. The current owner self-manages both properties and runs operations as though they’re a single asset with shared staff, maintenance personnel and property managers. Greenleaf Apartments has storage lockers available for tenant use.