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1183 Akron ST Aurora, CO 80010
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Key Details
Sold Price $541,667
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,263 sqft
Price per Sqft $239
Subdivision Old Aurora
MLS Listing ID 5804027
Sold Date 04/30/24
Style Traditional
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 2,263
Year Built 1955
Annual Tax Amount $3,277
Tax Year 2022
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Quadplex
Source recolorado
Property Description
** UNIQUE INVESTMENT OPPORTUNITY TO PURCHASE 1 QUADRAPLEX OR ALL 3 THAT ARE SIDE BY SIDE!!** 1183 AkronSt, 1193 Akron St, 8960 E 12th Ave. This property offers four separate units; 1 two bedroom, 1 bath unit and 3 one bedroom, 1 bath units.This is an awesome opportunity for a newer investor, or a seasoned investor looking to build their portfolio! Key features of this property include: - Newer roof - Sewer lines just cleaned - Unit 1189 (2 bedroom unit) hasan unfinished basement with washer/ dryer hookups - Ample parking available at the rear of the units and plenty of street parking, providing hassle-free accommodation for residents. Currently, all units are fully leased to long-term tenants,offering immediate income generation for the savvy investor. Additionally, there is significant potential for future appreciation, with a 53-unit townhome development underway just a couple of blocks away, promising increased property values in the near future. This presents a unique opportunity for investors interested in purchasing either a single quadraplex or all three adjacent units, with the potential for a SUBSTANTIAL discount for those acquiring multiple properties. All units are priced below market value, making this an attractive proposition for investors seeking value and growth. Currently units are leased below market value as the seller has not increased rent in years and most tenants have been there for many years (and would like to continue to do so).
Location
State CO
County Arapahoe
Interior
Interior Features Ceiling Fan(s), Laminate Counters
Heating Wall Furnace
Cooling Central Air
Flooring Carpet, Laminate
Fireplace N
Appliance Dishwasher, Disposal, Microwave, Oven, Refrigerator
Laundry In Unit
Exterior
Parking Features Concrete
Utilities Available Electricity Available
Roof Type Composition
Total Parking Spaces 3
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick,Stucco,Wood Siding
Schools
Elementary Schools Boston K-8
Middle Schools Boston K-8
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with New Western Acquisitions
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