1183 Akron St Aurora, CO 80010
Rare value-add opportunity for a currently cash flowing investment property in the Denver Metro! We now have two fully occupied cash-flowing 4plexes for $590k each that are right next to each other. This building, 1183 Akron, has one 2bed/1bath & three 1bed/1 bath units and the other 4plex has four 1bed/1bath units with a common area laundry for potential additional laundry income. 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 $850 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 likely $1,400+ for the 2 bed. 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 willing to selling buildings individually. Act fast to capitalize on serious value-add potential - 8960 E 12th already sold for $590k on 6/25/24.
- Property TypeMulti-Family
- NeighborhoodAurora
- CountyArapahoe
- Taxes$3,277
- HOA/Condo/Coop Fees$0
- Days on Site33 Days
- MLS StatusActive
- MLS ID Number8641652
- 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
- Basement Partial
- Number of Stories 1
- Acreage 0.22
- Property Sub Type Multi Family
- Garage Spaces 4
- Attached Garage No
- Garage Off Street
- Construction Wood/Frame
- Tenant Pays GasElectricity
Interior Features
- Heating Forced Air
- Laundry Features Common Area
- Basement Foundation Partial
Exterior Features
- Roof Composition
- Spa No
- Waterfront Property No
- Waterfront No
Community Features
- Senior Community No
- MLS Area Metro Denver