1193 Akron St Aurora, CO 80010
Rare value-add opportunity for a currently cash flowing investment property in the Denver Metro! This is a fully occupied cash-flowing 4plex with four 1bed/1bath units and a common area laundry for potential additional laundry income. Here's where the value-add comes into play: rents were only $3,673 but will be $4,140 by November 1. Three units will be $1,100 and the last unit, currently $840/month, comes due 1/31/25. In current rent-able but dated condition, market rents are $1100-1200/month for 1-bedroom in the area or significantly more if the units were updated. Conveniently located with strong rental demand, these properties offer steady income potential. We have done the work to increase rents for you, now is the time to act to get a cash-flowing 4plex for a low price. 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.
- Property TypeMulti-Family
- NeighborhoodAurora
- CountyArapahoe
- Taxes$3,277
- HOA/Condo/Coop Fees$0
- Days on Site63 Days
- MLS StatusActive
- MLS ID Number4756909
- Home Size Source Assessor
- Year Built1955
- Lot Size0.22 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Contemporary/ ModernRanchContemporary/Modern
- Sewer Public Sewer
- Number of Stories 1
- Acreage 0.22
- Property Sub Type Multi Family
- Garage Spaces 4
- Attached Garage No
- Direction Faces East
- Garage Off Street
- Construction Wood/Frame
- Tenant Pays GasElectricity
Interior Features
- Heating Forced Air
Exterior Features
- Roof Composition
- Waterfront Property No
- Waterfront No
Community Features
- Senior Community No
- MLS Area Metro Denver