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: one of the units is currently only renting for $775 and the 2 bedroom is only renting for $880, which is unheard of for a rental in the Denver Metro. These will be renewed prior to 3/31/25 for $1,100 and $1,400+. The other two units have already been renewed at $1,100. 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. 1193 Akron Street is also $590k and already has 4 units leased at $1,100 and a common area laundry room with laundry income potential (but no 2nd bedroom unit).
Property Details
- School DistrictAdams-Arapahoe 28J
- BasementCellar, Partial
- High SchoolAurora Central
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- Structure TypeQuadruplex
- CountyArapahoe
- Original List Price$610,000
- Property SubtypeQuadplex
- MLS #8641652
- MLS #8641652
- Utility SourcePublic
- SubdivisionAurora
- Elementary SchoolKenton
- Taxes Annual$3,277
- Cost590000
- Middle SchoolNorth
- Acres0.22
- Square Feet2941
- Year Built1955
- Bedrooms5
Location
Legal
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Listing Courtesy
Listing Agent: Phillip Bicker (#REC55037578)
Listing Office: MODestate (#RECWSTPK)
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