See Home Value
$625,000
House - Off Market

1193 Akron Street

Aurora, CO 80010
bedrooms
4 Beds
bathrooms
4 Baths
square feet
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).
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

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,627
  • Total Building Area: 2,130
  • Gross Building Area: 2,130
  • Building Area: 2,130
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Floor/wall
  • Heated Square Feet: 2,130
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BROOKLYN
  • Land Acres: 0.221
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 32 EX REAR 8 FT & LOTS 33-34 EX W 8 FT BLK 12 BROOKLYN

Ownership

  • Current Owner : 12TH & AKRON APARTMENTS LLC
  • Previous Owner : THERRIEN FLP #1
  • Owner Before Previous Owner: GMAC MORTGAGE LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Adams-Arapahoe School District 28J
  • School Tax School District: AURORA SCHOOL D
  • Census Tract: 007202

Geography

  • Account Number: 031101310
  • Parcel: 1973-03-2-24-011
  • Block: 12
  • Lot: 32
  • Meridian: SEC 03 QTR 2 TWN 4S RNG 67W
  • Municipality: RE & PP
  • Latitude: 39.7353
  • Longitude: -104.884

    Address

  • Full Address: 1193 Akron St
  • Address - House Number: 1193
  • Address - Street Name: Akron
  • Address - Suffix Type: St
  • State: CO
  • City Name: Aurora
  • Carrier Code: C030
  • 4-Digit Zip Code: 3050
  • Zip Code: 80010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,277
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 11-185

    Appraisal Valuation

  • Standard Deviation: 0.2905
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 41
  • Final Value: 511,719
  • High Value: 660,390
  • Low Value: 363,047

    Market Valuation

  • Market Total Value: $520,000
  • Market Land Value: $80,000
  • Market Improvement Value: $440,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,155

    Sales

  • Current Sale Contract Date: Apr 13, 2012
  • Current Sale Recording Date: Apr 24, 2012
  • Current Sale Transaction ID: 1059260825
  • Current Sale Price: $165,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: D2044191
  • Previous Sale Recording Date: Mar 24, 2008
  • Previous Sale Contract Date: Mar 19, 2008
  • Previous Sale Amount: $154,000
  • Previous Sale Document Type: Special Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: COUNTRYWIDE BANK FSB
  • Previous Mortgage Transaction Date: Mar 24, 2008
  • Previous Mortgage Loan Amount: $115,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Apr 01, 2038



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
2,016 ft²
$310/ft²
$625,000 Jan 12, 2024
-
$140/mo
Multifamily
4 Beds
3 Baths
1,535 ft²
$365/ft²
$560,000 Sep 19, 2023
-
$26/mo
House
3 Beds
2 Baths
1,521 ft²
$355/ft²
$540,000 Mar 7, 2024
-
$177/mo
Multifamily
4 Beds
2 Baths
1,512 ft²
$407/ft²
$615,000 Jan 17, 2024
-
$256/mo
House
3 Beds
2 Baths
1,310 ft²
$450/ft²
$589,900 Feb 26, 2024
-
$173/mo
In Contract
Condo
3 Beds
4 Baths
2,290 ft²
$277/ft²
$635,000 Mar 21, 2024
-
$819/mo
House
3 Beds
2 Baths
969 ft²
$542/ft²
$525,000 Mar 14, 2024
-
$104/mo
Townhouse
3 Beds
3.5 Baths
2,405 ft²
$274/ft²
$659,000 Apr 3, 2024
-
$807/mo

About Delmar Parkway


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Nearby Rentals



Frequently Asked Questions

When was property at 1193 Akron Street built and last sold?
The property at 1193 Akron Street was built in 1955 and last sold on Apr 13, 2012 for $165,000.
How much is this home worth?
The estimated value of the home located at 1193 Akron Street is $633,390.
What are some comparable homes to 1193 Akron Street?
Homes that are comparable to 1193 Akron Street include a house property at 1508 Tamarac Street, a multifamily property at 1585 Uinta Street, 1291 Alton Street.

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