1193 Akron St - Apartments FOR SALE


Aurora, CO 80010- Delmar Parkway
$590,000 USD
303-250-5090
1193 Akron St, Aurora, CO for Sale
$590,000 USD
Apartments - FOR SALE
1/15
null | 7.5% Cap Rate

1193 Akron St
Aurora, CO 80010
Delmar Parkway


HIGHLIGHTS

  • Denver Metro 4plex under $600k
  • 3 of the 4 Units at $1100 which is at/near market rents
  • Value-add potential to rennovate units for more income

OVERVIEW

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 $3,673 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.

FOR SALE DETAILS

PRICE

$590,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

4

PRICE/UNIT

$147,500

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aurora 4plex Portfolio - 2 of 2

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,627 SF

ZONING

R-4, Aurora

APN/PARCEL ID

1973-03-2-24-011

ASK ABOUT THIS PROPERTY

Phillip BickerMODestate RealtyMore Info
303-250-5090

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Phillip BickerMODestate RealtyMore Info
303-250-5090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.