1183 Akron St Active Save Request In-Person Tour Request Virtual Tour
Aurora,CO 80010
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 2,263 sqft
Price per Sqft $260
Subdivision Aurora
MLS Listing ID 8641652
Style Contemporary/Modern,Ranch
Bedrooms 5
Year Built 1955
Annual Tax Amount $3,277
Lot Size 9,583 Sqft
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 & 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: one of the units is currently only renting for $775 and the 2 bedroom is only renting for $880, which is unheard of for a rental in the Denver Metro. These will be renewed prior to 3/31/25 for $1,100 and $1,400+. The other two units have already been renewed at $1,100. 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. 1193 Akron Street is also $590k and already has 4 units leased at $1,100 and a common area laundry room with laundry income potential (but no 2nd bedroom unit).
Location
State CO
County Arapahoe
Area Metro Denver
Interior
Heating Forced Air
Laundry Common Area
Exterior
Garage Spaces 4.0
Waterfront false
Roof Type Composition
Building
Story 1
Sewer City Sewer,Public Sewer
Water City Water
Structure Type Wood/Frame
New Construction false
Schools
Elementary Schools Kenton
Middle Schools North
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Special Listing Condition Other Owner