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For Sale6 Days
$480,000

1408 Lima Street
Aurora, CO 80010

Income For Sale
4 Beds
2 + Half Baths
1,714 Sq. Ft.
0.18 Acre Lot
    • 1of12
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    Denver Property Team

    Description for 1408 Lima Street, Aurora, CO 80010

    For Sale> Arapahoe> Aurora> 80010

    Duplex for sale with 2, 2 bed/1 bath units for $480k! Also for sale next door is a 5 unit at 1440 Lima St for $1mil! Possible development play, rental play, house hacking play, lots of potential! City of Aurora Section 8 for a 2 bed is currently $2200/month per unit, and after utilities paid, would still pencil out an 8% cap rate with no property management. The units will need some reconfiguring to turn back into 2, 2 bed units. The current owner has been living there and made it work for their lifestyle by connecting both units together. The development play would involve buying the 5 plex next door and working with the City of Aurora to rezone. (Sellers property disclosure and the City of Aurora’s Section 8 allowances in documents attached.)

    Property Details

    Listing Details
    For Sale
    Income
    Duplex
    None
    For Sale
    REC7091909
    $480,000
    11/14/2024
    1,714 Sqft
    1952
    1,714 Sqft
    Single Family
    None
    4
    REC042865
    Location Information
    US
    CO
    Arapahoe
    Aurora
    80010
    Lima
    1408
    Street
    Zurchers Sub
    W105° 8' 37.7''
    N39° 44' 19.2''
    Yes
    Garage/Parking
    No
    No
    Interior Features
    4
    2
    Dishwasher,Disposal,Refrigerator,Dryer,Washer,Oven
    Basement
    Crawl Space
    Exterior Features
    No
    No
    Private Yard
    Architecural Shingle
    Brick,Frame
    Full
    WaterFront and WaterAccess
    No
    Land Info
    0.18 Acre
    Nw
    031071691
    Monthly
    Utilities
    Forced Air,Natural Gas
    Central Air
    Public Sewer
    HOA Info
    Monthly
    1 Common Wall
    No
    Rental Info
    Monthly
    Tax Info
    LOT 1 BLK 1 ZURCHERS SUB
    $1,962
    2023
    Schools
    Kenton
    Aurora Central
    Aurora West
    Listing Information
    Denver Property Team
    Alexander Saldana
    RECM3513
    Recolorado
    $480,000
    11/14/2024 16:40:21
    1,714 Sqft
    Duplex
    Natural Gas Connected,Electricity Connected
    Public
    Adams-Arapahoe 28J
    Adams-Arapahoe 28J
    Adams-Arapahoe 28J

    Price History

    Source: MLS
    DateEventPriceSource
    2024-11-14 15:52:47For Sale$480,000MLS
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    Walk Score

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    Walk Score

    4

    Bike Score

    7

    Transit Score

    3

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