1183 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 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.
- Property TypeMulti-Family
- NeighborhoodAurora
- CountyArapahoe
- Taxes$3,277
- HOA/Condo/Coop Fees$0
- Days on Site61 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