1183 Akron Street
$590,000
5
4
2,941
2,941
$201
Description
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...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).
- Listed by Phillip Bicker • MODestate • 303-250-5090
- Listed by Calvin Lennberg • MODestate
Property Details for 1183 Akron Street
Structure Type
Quadruplex
Architectural StyleContemporary
LevelsOne
Stories1
Subdivision NameAurora
AssociationNo
BasementYes
LISTING UPDATED: 10/28/2024 06:36 PM
Property Details for 1183 Akron Street
Status | Active |
---|---|
MLS # | 8641652 |
Days on Compass | 187 |
Taxes | $3,277 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1955 |
Lot Size | 0.22 AC / 9,583 SF |
County | Arapahoe County |
Building Information for 1183 Akron Street
Stories-Residences-Year Built1955Building Size-Lot Size0.22 AC / 9,583 SF
Property Information for 1183 Akron Street
Property History for 1183 Akron Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1183 Akron Street
Taxable ValueLand-Additions-Total-
Tax Record2023$2,896 ($241 / month)
Home Facts
Total Finished SqFt2,263 SqFtAbove Grade Finished SqFt2,263 SqFtStories1Lot Size9,714 SqFtStyleMulti-Family Res (5+ Units)Year Built1955CountyARAPAHOEAPN1973-03-2-24-010
Schools near 1183 Akron Street
This home is within Adams-Arapahoe 28j School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | PK to 12 | |||
Charter - | K to 8 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Boston p-8 School PublicPK to 8 | ||
Aurora Central High School PublicPK to 12 | ||
Vanguard Classical School CharterK to 8 | ||
Aurora Academy Charter School CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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