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Active Commercial

982 S Dearborn Way

Aurora, CO 80012

RECOLORADO #3690783 Updated: Nov 2, 2026, 11:45am
$1,985,000
0 Beds • 0 Baths • 10,000 SqFt
Property
ActiveCommercial
1/17
$1,985,000

982 S Dearborn Way

Aurora, CO 80012
0
Beds
0
Baths
10,000
SqFt
0
Acres
RECOLORADO
#3690783
Updated: Nov 2, 2026, 11:45am

Property Description

13 CONDOS. ONE PURCHASE. APPROX. 9.5% PROJECTED CAP RATE. This is not a dressed-up 5% deal pretending to be an investment. At $1,985,000, this 13-unit condominium portfolio produces $326,268 in annual scheduled rent, with projected NOI of approximately $187,953 AFTER underwriting 5% vacancy, 7.5% professional management, 7.5% maintenance, HOA dues, property taxes and insurance. ALL 13 UNITS ARE CURRENTLY OCCUPIED on 12-month leases, with most tenants having lived in their units for multiple years. Approx. $153,000 per unit. Portfolio includes a mix of 1-, 2- and 3-bedroom condos across multiple Denver/Aurora communities. Acquire 13 income-producing assets in one transaction while retaining the flexibility to hold, refinance or sell individual units over time. Serious portfolio investors: run the numbers.

Property Details

Interior
Building Area Total
10000
Construction
Also Marketed As
Commercial Sale
Construction Materials
Other
Number Of Units Total
13
Roof
Unknown
Structure Type
Low Rise (1-3)
Year Built
1983
Year Built Effective
1983
Site & Exterior
Current Use
Residential
Sewer
Public Sewer
Water Included
Yes
Water Source
Public
Financials
Contract Earnest Check To
Exact Title
Contract Min Earnest
50000.00
Exclusions
tenants' personal property
Lease Considered
No
Owner Pays
Taxes
Parcel Number
032523719
Tax Annual Amount
12182
Tax Legal Description
UNIT 17 BLDG 13 AS PER CONDO DECLARATION RECORDED IN B3698 P273 SABLE COVE SUB 2ND FLG CONDOS PHASE 14 & UNIT 313 BLDG 10722 AS PER CONDO DECLARATION RECORDED IN B3236 P64 HIGH HOLLOWS CONDOS & UNIT 18 BLDG 5 AS PER CONDO DECLARATION RECORDED IN B 3698 P 273 SABLE COVE 1ST FLG CONDOS PH VIII & UNIT 200 AS PER CONDOMINIUM DECLARATION RECORDED IN B2846 P9 JA MAR CONDOS & UNIT 349 AS PER CONDO DECLARATION RECORDED IN B3135 P443 CLUB VALENCIA CONDOS & UNIT 211 BLDG 1 AS PER CONDO DECLARATION RECORDED IN B 3782 P 745 WINDCREEK CONDOS & UNIT 8 BLDG 1 AS PER CONDO DECLARATION RECORDED IN B 3698 P 273 SABLE COVE 1ST FLG CONDOS & UNIT 204 BLDG 2 AS PER SUPPLEMENT CONDO DECLARATION RECORDED IN B3655 P514 ROBINWOOD CONDOS & UNIT 311 BLDG B AS PER CONDO DECLARATION RECORDED IN B2918 P601 RED SKY CONDOS & UNIT 1 BLDG 8 AS PER CONDO DECLARATION RECORDED IN B 3698 P 273 SABLE COVE 1ST FLG CONDOS PH IX & BOWLING GREEN CONDOS U-311 & LOT 118 BLK 1 SUMMERFIELD VILLAS
Tax Year
2025
Title Company
Exact Title

Neighborhood & Lifestyle

WalkScore™
Walk Score
Somewhat Walkable
67
Transit Score
Good Transit
52
Bike Score
Somewhat Bikeable
48
More details on WalkScore.com
Listing provided courtesy of RECOLORADO via IDX. Updated: Nov 2, 2026, 11:45am.
Matthew Collins

Listing Agent

LoKation

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