Closed

1183 Akron Street, Aurora, CO, 80010

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Listing Provided Courtesy of Marrs Realty and Management

1183 Akron Street, Aurora, CO, 80010

8 Beds
4 Baths
2,263 SqFt
0.22 Acres

Listing Id

REC5804027
$541,667

** 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).

Property Details
Price:
$650,000 / $541,667
MLS #:
REC5804027
Status:
Closed ((Apr 30, 2024))
Beds:
8
Baths:
4
Address:
1183 Akron Street
Type:
Quadplex
Structure:
Quadruplex
Subdivision:
Old Aurora
City:
Aurora
State:
CO
Finished Sq Ft:
2,263
Total Sq Ft:
2,263
ZIP:
80010
Lot Size:
9,583 sqft / 0.22 acres (approx)
Year Built:
1955
Interior
Appliances
Dishwasher, Disposal, Microwave, Oven, Refrigerator
Cooling
Central Air
Flooring
Carpet, Laminate
Heating
Wall Furnace
Laundry Features
In Unit
Exterior
Architectural Style
Traditional
Construction Materials
Brick, Stucco, Wood Siding
Parking Features
Concrete
Parking Spots
3
Roof
Composition
Schools
School District:
Adams-Arapahoe 28J
Elementary School:
Boston K-8
Middle School:
Boston K-8
High School:
Aurora Central
Financial
Buyer Agent Compensation
2.8%
Tax Year
2022
Taxes
$3,277

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1183 Akron Street
Aurora, CO