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Key Details
Sold Price $620,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,130 sqft
Price per Sqft $291
Subdivision Northwestern Aurora
MLS Listing ID 5630797
Sold Date 06/25/24
Style Contemporary
Bedrooms 5
HOA Y/N No
Abv Grd Liv Area 2,130
Originating Board recolorado
Year Built 1955
Annual Tax Amount $3,277
Tax Year 2022
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Investor's Dream in Denver Metro! Rare opportunity to own a cash-flowing 4plex well under $700k, comprising of three 1-bed, 1-bath units and one 2-bed, 1-bath unit. Currently below market rents that exceed $1250/month for 1-bedroom and $1600/month for 2-bedroom units. Conveniently located with strong rental demand, this property offers steady income potential. Purchase individually or as part of a portfolio of three consecutive 4plexes: 1183 Akron St, 1193 Akron St, and 8960 E 12th Ave. Property is priced under market value due to sub-market rents, will need to act fast to capitalize on serious value-add potential!
Location
State CO
County Arapahoe
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Fence Partial
Roof Type Composition
Total Parking Spaces 4
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame
Schools
Elementary Schools Kenton
Middle Schools North
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community No
Ownership Agent Owner
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Your Castle Real Estate Inc
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