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).
Sold for $590,000 on 01/31/25
$590,000
1183 Akron Street, Aurora, CO 80010
5beds
4baths
2,941sqft
Quadruplex
Built in 1955
-- sqft lot
$577,700 Zestimate®
$201/sqft
$3,269 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 04, 2025 at 07:49pm
Listed by:
Phillip Bicker 303-250-5090,
MODestate,
Calvin Lennberg 720-473-3686,
MODestate
Bought with:
Lisa Marie Schwartz, 100103232
LH Properties
Source: REcolorado,MLS#: 8641652

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: Common Area
Features
- Basement: Cellar,Partial
Interior area
- Total structure area: 2,941
- Total interior livable area: 2,941 sqft
- Finished area above ground: 2,263
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Details: Off Street Spaces: 4
Features
- Levels: One
- Stories: 1
- Fencing: None
Lot
- Size: 9,583 sqft
Details
- Parcel number: 031101301
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Quadruplex
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Aurora
- Subdivision: Aurora
Other
Other facts
- Listing terms: Cash,Conventional,FHA
- Ownership: Agent Owner
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$577,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$577,700