1183 Akron ST Active Save Request In-Person Tour Request Virtual Tour
Aurora,CO 80010
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