Closed

8960 E 12th Avenue, Aurora, CO, 80010

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Listing Provided Courtesy of Marrs Realty and Management

8960 E 12th Avenue, Aurora, CO, 80010

5 Beds
4 Baths
2,130 SqFt
0.15 Acres

Listing Id

REC3141077
$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; 3 1 bed, 1 bath units and one 2 bedroom, 1bathroom unit. Ideal for long-term tenants seeking comfortable living spaces. 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 – 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-unittownhome 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 #:
REC3141077
Status:
Closed ((Apr 30, 2024))
Beds:
5
Baths:
4
Address:
8960 E 12th Avenue
Type:
Quadplex
Structure:
Quadruplex
Subdivision:
Old Aurora
City:
Aurora
State:
CO
Finished Sq Ft:
2,130
Total Sq Ft:
2,130
ZIP:
80010
Lot Size:
6,534 sqft / 0.15 acres (approx)
Year Built:
1955
Interior
Appliances
Dishwasher, Disposal, Microwave, Oven, Refrigerator
Cooling
Central Air
Flooring
Laminate
Heating
Wall Furnace
Exterior
Architectural Style
Traditional
Construction Materials
Adobe, Brick, 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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8960 E 12th Avenue
Aurora, CO