1325 Idalia Court
Aurora, CO 80011
- Great Location
- 49 Parking Spaces - More Than One Per Unit
- Opportunity To Raise Rents - Over $100 Below Market
- Create Additional Revenue With Utility Bill-Back System
- Exterior Walk-Up
- Located On A Quiet Dead-End Street
- Offered Free And Clear - Historically Low Interest Rates
Greystone Unique Apartment Group is pleased to present to qualified investors, the opportunity to purchase La Fontaine, a 42-unit apartment community. Located at 1325 Idalia Court in Aurora, Colorado, the property was built in 1973 and consists of 32 one-bedroom units and 10 two-bedroom units. La Fontaine is a value-add opportunity with rents averaging over $100 below market and the additional opportunity to recapture utility costs with an expense reimbursement plan. The property is in close proximity to the Anschutz Fitzsimons Medical Campus and Buckley Air Force Base. La Fontaine offers investors an adequate initial yield, with the opportunity to achieve double-digit cash-on-cash returns.
La Fontaine is located in Aurora, Colorado, directly off of Colfax Avenue, one of the major east-west arterial streets in the immediate area. Colfax Avenue leads all the way to Downtown Denver and the State Capitol. There is a plethora of dining and shopping options nearby.