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
BasementPartial
Lot & Building Features
StyleContemporary/Modern, Ranch
HeatingForced Air
SewerCity Sewer, Public Sewer
Tax Year2022
WaterCity Water
Community and Schools
Elementary SchoolKenton
Junior High SchoolNorth
Senior High SchoolAurora Central
Unit Features
Unit 1 - DS Bedrooms1
Unit 1 - DS Est Sq Ft533
Unit 1 - DS Rent900
Unit 1 - DS Total Baths1
Unit 2 - DS Bedrooms2
Unit 2 - DS Est Sq Ft665
Unit 2 - DS Rent900
Unit 2 - DS Total Baths1
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.
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.
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.
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