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
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: current rents are averaging about $900 in the Denver metro which is unheard of. One unit has been renewed at $1,100 and another one will be renewed 11/30 for $1,100 as well. The other two will be renewed on 3/31/25 at $1,100 and $1,400+ for the 2 bed. In current rent-able but dated condition, market rents exceed $1100-1200/month for 1-bedroom and $1400-1500/month for the 2-bedroom unit. 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.
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