1183 Akron Street
Aurora, CO 80010
2941 sqft | 5 beds | 0.22 acres | #8641652
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.
Interior Details
- Bedrooms5
Property Details
- Acres0.22
- Square Feet2941
Construction Details
- BasementCellar, Partial
- Property TypeMulti-Family
Condition
- Year Built1955
Utilities / Energy Details
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionAurora
Location
- School DistrictAdams-Arapahoe 28J
- High SchoolAurora Central
- CountyArapahoe
- Elementary SchoolKenton
- Middle SchoolNorth
Financial Details
- Original List Price$610,000
- Taxes Annual$3,277
Other
- MLS #8641652
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Phillip Bicker (#REC55037578)
Listing Office: MODestate (#RECWSTPK)
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