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: 12/17/2024 09:43 AM
Property Details for 1183 Akron Street
Status | Active |
---|---|
MLS # | 8641652 |
Days on Compass | 223 |
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 |
---|
Date | Event & Source | Price |
---|
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.