Listing Courtesy of: Phillip Bicker - Modestate
303-250-5090
$590,000
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1193 Akron Street Aurora, CO 80010
Cluster
Residence
4
Beds
4
Baths
...
Bed/Bath
2,130
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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Rare value-add opportunity for a currently cash flowing investment property in the Denver Metro! This is a fully occupied cash-flowing 4plex with four 1bed/1bath units and a common area laundry for potential additional laundry income. Here's where the value-add comes into play: rents were only $3,67...3 but will be $4,140 by November 1. Three units will be $1,100 and the last unit, currently $840/month, comes due 1/31/25. In current rent-able but dated condition, market rents are $1100-1200/month for 1-bedroom in the area or significantly more if the units were updated. Conveniently located with strong rental demand, these properties offer steady income potential. We have done the work to increase rents for you, now is the time to act to get a cash-flowing 4plex for a low price. We originally had 3 side-by-side 4plexes with 1183 Akron, 1193 Akron, and 8960 E 12th, which already sold for $620k on 6/25/24.
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MLS#
4756909
Property Type
Cluster
Bedrooms
4
Bathrooms
Year Built
1955
Square Feet
2,130
sq. ft
Stories
1.0
Sewer
Public Sewer
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