1391 Lima Street

The Vermont Apartments is a prime 8-unit investment opportunity in the heart of Aurora’s fast-growing Delmar Parkway neighborhood. This well-maintained multifamily asset combines strong in-place fundamentals with exceptional value-add potential. Each of the eight units has been thoughtfully renovated with updated interiors and modern appliances, offering turnkey appeal for tenants. Major capital upgrades include a 25-year Class 4 impact-resistant roof and a professionally installed radon mitigation system, both completed in 2021. The property features secure building access, on-site laundry, and private basement storage for each unit. With a Walk Score of 83, residents enjoy easy access to nearby restaurants, coffee shops, and grocery stores—enhancing both livability and rental demand. Current rents are below market, and the absence of a utility billback system presents immediate upside for increasing net income. Located just minutes from the Anschutz Medical Campus, the building is perfectly positioned for conversion to mid-term rentals catering to traveling nurses and healthcare professionals, unlocking even greater income potential. The property also benefits from proximity to three major city-led redevelopment projects: the Fitzsimons Village mixed-use transformation, the East Colfax Corridor Revitalization with a planned BRT transit line, and the Havana/11th/Del Mar infrastructure improvement initiative. With Aurora projected to grow by more than 40% by 2050, this property stands at the intersection of long-term appreciation, sustained demand, and smart urban development—making it a standout multifamily opportunity in one of metro Denver’s most promising submarkets.

Listing Office: RE/MAX ALLIANCE