Fairview Apartments

Aurora, CO

First come, first-served basis

Open to cash and IRA/401k investors

Fill out the form at the bottom of this page to put in your soft reserve.
  • 100-unit C+ class asset built in 1974
  • Attractive unit mix of 1, 2, 3, and 4-bedroom units
  • 9 total buildings plus office/laundry facility:
    • 5 two-level townhome buildings (3 & 4-bedroom units)
    • 4 three-level apartment buildings (1 & 2-bedroom units)
  • Large units with 821 average sq ft; range from 590 sq ft
    (1-bedroom) to 1,108 sq ft (4-bedroom)
  • All units are individually metered for electricity
  • Townhome buildings have individual HVACs, furnaces, and hot water heaters
  • Apartment buildings have wall AC units and central hot water
  • All townhome units and a sample of 2-bedroom apartments have in-unit washers/dryers
  • Amenities include a picnic areas with park-style barbecues, a playground, a dog park, a community vegetable garden, partial covered parking, and a laundry facility
  • Building exteriors are brick and vinyl siding
  • Sloped roofs that were replaced in 2020-21
  • Income-producing T-Mobile cell tower on site
  • Colorado was ranked #5 for Fastest Growing States in the Country in 2019 by the U.S. Census Bureau
  • Denver MSA:
    • Ranked #2 in 25 Best Places to Live in the U.S. in 2019 by U.S. News & World Report
    • Ranked #4  Best State Capital to Live In in 2020 by Wallethub
    • Ranked #1 in Highest % of Millennial Newcomers in 2020 by Wallethub
    • Ranked #4 Best Place for Business & Careers in 2018 by Forbes
    • Ranked #9 in Best Tech Cities for IT Jobs in 2019 by CompTIA
  • Aurora (3rd largest city in CO) is approximately 10 miles east of downtown Denver, near several major area employers:
    • Aurora VA Medical Center
    • CU Anschutz medical campus & Fitzsimons Innovation Community 
    • Kaiser Permanente
    • Buckley Space Force Base
    • Denver International Airport
    • Lockheed Martin
  • One mile from Florida Light Rail station; two miles from Aurora Metro Light Rail station
  • Numerous nearby shopping, dining, and recreational options
  • Positioned for long-term hold and cashflow with conservative underwriting
  • Planned holding time of 3 to 5 years
  • Purchase with bridge loan
  • Conduct cost segregation study to take maximum depreciation in the year of purchase
  • Utilize first-class property management company that has operated the property for nearly 10 years
  • Conduct value-add work within two years of purchase, focusing on additional income, curb appeal, and amenities to attract young professionals and upgrade the property to B-minus class
  • Limited continued interior renovations
  • Install washer/dryer hookups and provide appliances in 2-bedroom and 1-bedroom units where feasible
  • Convert basement storage in each apartment building to laundry centers (tenants won’t have to walk across the complex in foul weather)
  • Re-purpose current larger laundry room for office expansion and package center
  • Add new amenities (e.g., nicer BBQ areas and gas fire pits)
  • Install additional income-producing covered parking
  • Sell or refinance in year 3 or 4
  • Cash investment in your name (single or joint)
  • Cash investment through an entity (e.g., trust, LLC, or S-corp)
  • Investment through a self-directed retirement account (e.g., SD-IRA, Solo 401k, etc.)
Having a pre-existing relationship with one of the sponsors.
To be considered an accredited investor, you must satisfy at least one of the following criteria:

  • A natural person with an income exceeding $200,000 in each of the two most recent years (or joint income of $300,000).

  • A natural person who has an individual or joint net worth exceeding $1 million, excluding their primary residence, at time of investments.

  • An entity with over $5 million in assets, or in which all owners are accredited using the criteria above.

  • Possess a Series 7, 65, or 82 securities license or other verifiable professional credentials that qualify you as an accredited investor.

A sophisticated investor does not qualify as accredited, but has sufficient knowledge and understanding to make an informed investment decision.
To reserve a spot in the deal, please complete the form below.
Completing this form does not lock you in, nor does it guarantee you a spot in the deal.
Investors who submit a soft reserve will have an opportunity to invest earlier than other investors.
Reservations are taken on a first-come, first-served basis.