12400 E Colfax Ave - Gateway

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12400 E Colfax Ave - Gateway

Aurora, CO 80011
Asking Price
$7.30M
Asset Type
Multifamily
Class
Class B

What's Special

12400 East Colfax Avenue is situated within the Gateway district of Aurora, Colorado, a high-traffic corridor characterized by a mix of commercial and residential use. The property is positioned near the Anschutz Medical Campus and the Fitzsimons Innovation Community, two major employment drivers in the region. Residents have access to local retail centers, grocery stores, and diverse dining options along Colfax Avenue. Transportation is supported by several RTD bus lines directly serving the area, and the site is located within three miles of the Colfax light rail station, providing connectivity to downtown Denver and Denver International Airport. This location is suited for multifamily redevelopment or value-add investment catering to the local workforce. The proximity to healthcare and research institutions makes the site ideal for housing targeted at medical professionals, students, and campus administrative staff. The layout supports traditional apartment units or workforce housing designed for individuals seeking proximity to major transit veins and large-scale employment hubs. Typical tenants likely include commuters and healthcare employees who prioritize direct access to regional transit and short commute times to the nearby medical facilities and surrounding business parks.

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NOI
$80,000
Cap Rate
1.10%
DSCR
0.18
Underwater
Cash-on-Cash
-16.14%
Monthly Payment
$36,116.417
Annual Cash Flow
$-353,397.004

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