$1,600,000
Active
58 Days Online
0 Beds0 Baths5,472 SQFT
Active

1448 Iola Street Aurora, CO 80010

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Property includes 2, 640 SF of land in front of property perfect for development of a 3 story retail and multifamily development. Explore this exceptional investment package featuring three separate duplexes, each a reliable source of cash flow. The property boasts six spacious 2-bedroom, 1-bath units with established long-term tenants. Inside, recent upgrades include new countertops, cabinetry, paint, and appliances. Outside, tenants enjoy private patios and a sizable yard, along with seven off-street parking spaces. What sets this opportunity apart is the potential for further development—a three-story addition could enhance both cash flow and property value, offering flexibility for retail, residential, or a combination of both. Additionally, each duplex can be purchased separately, providing investors with even more options for customization and portfolio diversification. It's not just an investment; it's a practical step towards future growth. The Offering Memorandum is at the following Dropbox link: https://www.dropbox.com/scl/fo/fyc1mgnl76fumdprt8dps/AAo4wj1jKkRyCDPgPUtx4m0?rlkey=96u79hi1dx6uarrz28u2tw3id&st=wwt2nz60&dl=0

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyArapahoe
  • Taxes$3,073
  • HOA/Condo/Coop Fees$0
  • Days on Site58 Days
  • MLS StatusActive
  • MLS ID Number5028965
  • Home Size Source N/A
  • Year Built1952
  • Lot Size Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction Brick
  • Parking Asphalt
  • Parking Spaces 5
  • Sewer Public Sewer
  • Property Sub Type Multi Family
  • Garage Spaces 0
  • Attached Garage No

Interior Features

  • Fireplace No

Exterior Features

  • Roof Composition
  • Spa No
  • Waterfront Property No
  • Exterior Balcony

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Monthly Payment (Est.)

$8,422
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