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For Sale363 Days
$590,000

1183 Akron Street
Aurora, CO 80010

Income For Sale
5 Beds
4 + Half Baths
2,941 Sq. Ft.
0.22 Acre Lot
MODestate

Description for 1183 Akron Street, Aurora, CO 80010

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).

Property Details

Listing Details
For Sale
Income
Quadplex
None
For Sale
REC8641652
$590,000
05/13/2024
2,941 Sqft
1955
Contemporary
2,263 Sqft
Single Family
Tenant's Personal Property
4
REC55037578
Location Information
US
CO
Arapahoe
Aurora
80010
Akron
1183
Street
Aurora
W105° 6' 58.3''
N39° 44' 6.4''
Yes
Garage/Parking
No
No
Interior Features
5
4
Smoke Detector(s),Carbon Monoxide Detector(s)
Basement
Partial,Cellar
Exterior Features
No
No
Composition
Frame
None
WaterFront and WaterAccess
No
Land Info
0.22 Acre
Nw
031101301
Monthly
Utilities
Forced Air
None
Public Sewer
HOA Info
Monthly
No
Rental Info
Monthly
Tax Info
LOTS 29-31 & VAC 10 FT OF AKRON ST BLK 12 BROOKLYN EX W 8 FT
$3,277
2022
Schools
Kenton
Aurora Central
North
Listing Information
MODestate
Phillip Bicker
RECWSTPK
Recolorado
$610,000
12/17/2024 16:43:16
2,263 Sqft
Quadruplex
Public
Adams-Arapahoe 28J
Adams-Arapahoe 28J
Adams-Arapahoe 28J
REC55044416
MODestate
Calvin Lennberg

Price History

Source: MLS
DateEventPriceSource
2025-01-07 06:18:09For Sale$590,000MLS
2024-05-13 21:41:57For Sale$610,000MLS
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Walk Score

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Walk Score

4

Bike Score

7

Transit Score

3

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