Homes for sale - 1183 Akron ST, Aurora, CO 80010

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Joe Alvine

LIV Sotheby's International Realty

joe@coloradomtnliving.com +1(970) 763-8683

$590,000

Est. payment - /mo

5 Beds

4 Baths

2,263 SqFt

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UPDATED:

12/17/2024 04:43 PM

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

Abv Grd Liv Area 2,263

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

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

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Listed by MODestate • 303-250-5090

Colorado Mountain Living - Mo & Joe

+1(970) 763-8683 | joe@coloradomtnliving.com

LISTING DETAILS

1183 Akron ST Aurora, CO 80010