1 /
19
Map
$625,000
●
House -
Off Market
1193 Akron Street
Aurora, CO 80010
4 Beds
4 Baths
2130 Sqft
$3,342
Estimated Monthly
$0
HOA / Fees
5.62%
Cap Rate
About This Property
** UNIQUE INVESTMENT OPPORTUNITY TO PURCHASE 1 QUADRAPLEX OR ALL 3
THAT ARE SIDE BY SIDE!!** 1183 Akron St, 1193 Akron St, 8960 E 12th
Ave.
This property offers four separate units; each featuring 1 bedroom and 1 bathroom, ideal for long-term tenants seeking comfortable living spaces. This building also has a laundry room at the end of it with exterior access. 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
- Convenient laundry room located on the premises for tenant use.
- 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).
This property offers four separate units; each featuring 1 bedroom and 1 bathroom, ideal for long-term tenants seeking comfortable living spaces. This building also has a laundry room at the end of it with exterior access. 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
- Convenient laundry room located on the premises for tenant use.
- 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).
Unit Size
2,130Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$293
Property Type
House
Property Taxes
$273
HOA Dues
-
Year Built
1955
Last updated: 7 days ago (REcolorado MLS #REC4149353)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 30, 2024 | No longer available | - | |
No longer available | |||
Mar 29, 2024 | Listed by Marrs Realty and Management | $625,000 | |
Listed by Marrs Realty and Management |
Property Highlights
Air Conditioning
Building Info
Overview
Building
Neighborhood
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
4
Beds
3
Baths
1,535 ft²
$365/ft²
$560,000
Sep 19, 2023
-
$26/mo
In Contract
House
3
Beds
2
Baths
1,521 ft²
$355/ft²
$540,000
Mar 7, 2024
-
$177/mo
Active
Multifamily
4
Beds
2
Baths
1,512 ft²
$407/ft²
$615,000
Jan 17, 2024
-
$256/mo
In Contract
House
3
Beds
2
Baths
969 ft²
$542/ft²
$525,000
Mar 14, 2024
-
$104/mo