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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

    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).

    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#: 8641652MLS Logo

    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

    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

    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