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Bob Engel

[email protected] +1(303) 638-0780

$ 590,000

Est. payment -/mo

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Active

1183 Akron ST Aurora, CO 80010

5 Beds

4 Baths

2,263 SqFt

UPDATED:

10/29/2024 12:36 AM

Key Details

Property Type Multi-Family

Sub Type Quadplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,263 sqft

Price per Sqft $260

Subdivision Aurora

MLS Listing ID 8641652

Style Contemporary

Bedrooms 5

HOA Y/N No

Originating Board recolorado

Year Built 1955

Annual Tax Amount $3,277

Tax Year 2022

Lot Size 9,583 Sqft

Acres 0.22

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

Rooms

Basement Cellar, Partial

Interior

Heating Forced Air

Cooling None

Fireplace N

Laundry Common Area

Exterior

Fence None

Roof Type Composition

Total Parking Spaces 4

Garage No

Building

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Frame

Schools

Elementary Schools Kenton

Middle Schools North

High Schools Aurora Central

School District Adams-Arapahoe 28J

Others

Senior Community No

Ownership Agent Owner

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition None

Listed by MODestate • 303-250-5090

Bob Engel

Broker/Owner | KWREA100003949

+1(303) 638-0780

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Englewood, CO

Bob Engel

Bob Engel

1183 Akron ST Aurora, CO 80010

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1183 Akron ST