Ignite FB Tracking Pixel1183 Akron Street, Aurora, CO 80010 - Candace Stengel
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listing
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Single FamilyFor Sale
$590,000
1183 Akron Street
Aurora, CO 80010
Listed by: MODestate, 303-250-5090
MLS: REcolorado
5Beds
4Baths
2,941Sq Ft
Est. Mortgage
$3,145/mo

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).

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Information courtesy of MODestate is subject to verification and is not guaranteed.
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