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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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1183-1193 Akron Street
Aurora, CO 80010 — Arapahoe CountyResidential $1,200,000 Expired Listing# 6566852
4393.00 sqft Lot size: 26136.00 sqft 0.60 acres 1955 build
Updated: 08-14-2024 10:04pm
Property Description
Rare value-add opportunity for a currently cash flowing investment property in the Denver Metro! These are two fully occupied cash-flowing 4plexes for $610k each that are right next to each other. One building has one 2bed/1bath and three 1bed/1 bath units and the other 4plex has four 1bed/1bath units with a common area laundry for potential additional laundry income. Here's where the value-add comes into play: currently rents are averaging about $850 in the Denver metro which is unheard of. Market rents exceed $1100-1200/month for 1-bedroom and $1300-1400/month for the 2-bedroom unit. Will update as year leases expire and are renewed at a higher rate. Conveniently located with strong rental demand, these properties offer steady income potential. Act fast to capitalize on serious value-add potential! Was previously part of a 3 4plex portfolio - 8960 E 12th Ave sold 6/25/24 for $620k - only two 4plexes are remaining!
Listing Details
- Property Type
- Residential
- Listing#
- 6566852
- Source
- REcolorado (Denver)
- Last Updated
- 08-14-2024 10:04pm
- Status
- Expired
- Off Market Date
- 08-14-2024 12:00am
Property Details
- Property Subtype
- Multi-Family
- Sold Price
- $1,200,000
- Original Price
- $1,800,000
- Location
- Aurora, CO 80010
- SqFT
- 4393.00
- Year Built
- 1955
- Acres
- 0.60
Map
Property Level and Sizes
- SqFt Lot
- 26136.00
- Lot Size
- 0.60
Financial Details
- Previous Year Tax
- 10000.00
- Year Tax
- 2022
- Primary HOA Fees
- 0.00
Interior Details
Exterior Details
- Sewer
- Public Sewer
Garage & Parking
Exterior Construction
- Roof
- Composition
- Construction Materials
- Frame
Land Details
- PPA
- 0.00
- Road Frontage Type
- Public
- Road Responsibility
- Public Maintained Road
- Road Surface Type
- Paved
- Sewer Fee
- 0.00
Schools
Walk Score®
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