Residential Income for Sale: 1183 Akron, Aurora, CO 80010

5 beds
4 baths
2,941 sqft
mls #8641652
$590,000
$590,000
1183 Akron, Aurora, CO 80010
5 beds
4 baths
2,941 sqft
mls #8641652
$590,000
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Price:
$590,000
$10,000 - 08/19/2024

Type Residential Income
Style Contemporary/Modern, Ranch
Beds 5
Total Baths 4 baths
Square Feet 2,941 sqft
Garage Spaces 4
Lot Size 0.22 acres
Year Built 1955

City Aurora
County Arapahoe
School District Adams-Arapahoe 28J
Subdivision Aurora

MLS 8641652
Status Active
DOM 192 days
Rare value-add opportunity for a currently cash flowing investment property in the Denver Metro! This is a fully occupied cash-flowing 4plex for $590k with one 2bed/1bath & three 1bed/1 bath units. The two bedroom unit even has an unfinished basement with separate exterior entrance! Here's where the value-add comes into play: one of the units is currently only renting for $775 and the 2 bedroom is only renting for $880, which is unheard of for a rental in the Denver Metro. These will be renewed prior to 3/31/25 for $1,100 and $1,400+. The other two units have already been renewed at $1,100. Conveniently located with strong rental demand, these properties offer steady income potential. Now is the time to act to get a cash-flowing 4plex for a low price before rents increase and the value increases. 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. 1193 Akron Street is also $590k and already has 4 units leased at $1,100 and a common area laundry room with laundry income potential (but no 2nd bedroom unit).

Room Features

Basement Partial

Lot & Building Features

Style Contemporary/Modern, Ranch
Heating Forced Air
Sewer City Sewer, Public Sewer
Tax Year 2022
Water City Water

Community and Schools

Elementary School Kenton
Junior High School North
Senior High School Aurora Central

Unit Features

Unit 1 - DS Bedrooms 1
Unit 1 - DS Est Sq Ft 533
Unit 1 - DS Rent 900
Unit 1 - DS Total Baths 1
Unit 2 - DS Bedrooms 2
Unit 2 - DS Est Sq Ft 665
Unit 2 - DS Rent 900
Unit 2 - DS Total Baths 1

Price History of 1183 Akron, Aurora, CO

Date Name Price Difference
08/19/2024 Price Adjustment $590,000 1.67%
08/01/2024 Price Adjustment $600,000 0.83%
08/01/2024 Price Adjustment $605,000 0.66%
07/05/2024 Price Adjustment $609,000 0.08%
06/28/2024 Price Adjustment $609,500 0.08%
05/13/2024 Listing Price $610,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By


Map of 1183 Akron, Aurora, CO

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Listed by MODestate, Phillip Bicker & Calvin Lennberg 303-250-5090
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6.75%
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1183 Akron (MLS #8641652) is a contemporary/modern, ranch residential income listing located in Aurora, CO. This residential income listing is 2,941 sqft and on a lot of 9,583 sqft (or 0.22 acres) with 5 bedrooms, 4 baths and is 69 years old. This property was listed on 05/13/2024 and has been priced for sale at $590,000.

Nearby zip codes are 80207, 80220, 80230, 80238 and 80247. This property neighbors other cities such as Denver.

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: MODestate

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES 2024