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James T. Wanzeck
At RE/MAX Professionals (formerly Masters Millennium), James T. Wanzeck and his team are dedicated to providing superior customer service and 100% cli...
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MODestate
Posted by
REcolorado (Denver)
MODestate
Posted by
REcolorado (Denver)
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1183 Akron Street
Aurora, CO 80010 — Arapahoe County — Aurora NeighborhoodDuplex $590,000 Active Listing# 8641652
5 beds 4 baths 2941.00 sqft Lot size: 9583.20 sqft 0.22 acres 1955 build
Property Description
Rare value-add opportunity for a currently cash flowing investment property in the Denver Metro! This is a fully occupied cash-flowing 4plex for $590k with one 2bed/1bath and three 1bed/1 bath units. The two bedroom unit even has an unfinished basement with separate exterior entrance! Here's where the value-add comes into play: current rents are averaging about $900 in the Denver metro which is unheard of. One unit has been renewed at $1,100 and another one will be renewed 11/30 for $1,100 as well. The other two will be renewed on 3/31/25 at $1,100 and $1,400+ for the 2 bed. In current rent-able but dated condition, market rents exceed $1100-1200/month for 1-bedroom and $1400-1500/month for the 2-bedroom unit. Conveniently located with strong rental demand, these properties offer steady income potential. Now is the time to act to get a cash-flowing 4plex for a low price before rents increase and the value increases. We originally had 3 side-by-side 4plexes with 1183 Akron, 1193 Akron, and 8960 E 12th, which already sold for $620k on 6/25/24.
Listing Details
- Property Type
- Duplex
- Listing#
- 8641652
- Source
- REcolorado (Denver)
- Last Updated
- 10-01-2024 09:00pm
- Status
- Active
- Off Market Date
- 11-30--0001 12:00am
Property Details
- Property Subtype
- Quadplex
- Sold Price
- $590,000
- Original Price
- $610,000
- Location
- Aurora, CO 80010
- SqFT
- 2941.00
- Year Built
- 1955
- Acres
- 0.22
- Bedrooms
- 5
- Bathrooms
- 4
- Levels
- One
Map
Property Level and Sizes
- SqFt Lot
- 9583.20
- Lot Size
- 0.22
- Basement
- Cellar, Partial
Financial Details
- Previous Year Tax
- 3277.00
- Year Tax
- 2022
- Primary HOA Fees
- 0.00
Interior Details
- Laundry Features
- Common Area
- Electric
- None
- Cooling
- None
- Heating
- Forced Air
Exterior Details
- Water
- Public
- Sewer
- Public Sewer
Garage & Parking
Exterior Construction
- Roof
- Composition
- Construction Materials
- Frame
- Security Features
- Carbon Monoxide Detector(s), Smoke Detector(s)
- Builder Source
- Public Records
Land Details
- PPA
- 0.00
- Road Responsibility
- Public Maintained Road
- Sewer Fee
- 0.00
Schools
- Elementary School
- Kenton
- Middle School
- North
- High School
- Aurora Central
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