1391 Lima Street

Aurora, CO 80010

$1,398,000
Price
1
Beds
2
Baths
5,320 Sq. Ft.
$263 / Sq. Ft.
5,320
Sq. Ft.
$263
per Sq. Ft.

Description

Your opportunity for passive wealth building - the Vermont Apartments has been meticulously maintained by private owner. It is an 8-unit property offering significant upside potential for investors due to under market rents. The building features a Class 4 Shingle 25-year roof and professional radon mitigation system both installed in 2021. Each unit has undergone interior renovations with updated appliances as needed. Each unit includes a personal storage closet, and the building offers secure and...Your opportunity for passive wealth building - the Vermont Apartments has been meticulously maintained by private owner. It is an 8-unit property offering significant upside potential for investors due to under market rents. The building features a Class 4 Shingle 25-year roof and professional radon mitigation system both installed in 2021. Each unit has undergone interior renovations with updated appliances as needed. Each unit includes a personal storage closet, and the building offers secure and private entry. On-site laundry facilities are located on the lower level. 6.2% cap rate includes management fee in expenses. It is located just minutes from the Anschutz Medical Facility as well as the City of Aurora's master plan for the Fitzsimons Village redevelopment project. Tenants enjoy a prime location with a Walk Score of 83, providing easy access to local amenities such as restaurants, coffee shops, and grocery stores. Call to schedule a showing.
  1. Listed by Valerie Cannistraro • RE/MAX Alliance-Boulder • 3036181171
  2. Listed by BoulderHomeSource • RE/MAX Alliance-Boulder

Amenities

  • Air Conditioning
  • Common Laundry
  • Common Outdoor Space
  • Laundry
  • Laundry in Building
LISTING UPDATED: 10/19/2024 11:53 AM

Property Details for 1391 Lima Street

StatusActive
MLS #1019856
Days on Compass47
Taxes$7,130 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential
Year Built1965
Lot Size0.14 AC / 6,011 SF
CountyArapahoe County

Building Information for 1391 Lima Street

Stories2Year Built1965Building Size-Lot Size0.14 AC / 6,011 SF

Property Information for 1391 Lima Street

Summary
Location and General Information
  • Road Access 2: City Street
  • Longitude and Latitude: -104.85678, 39.73814
  • Latitude: 39.74
  • Longitude: -104.86
  • Elementary School District: Adams-Arapahoe 28J
  • Middle Or Junior School District: Adams-Arapahoe 28J
Parking
  • Total Parking: 3.00
Taxes and HOA Information
  • Tax Information: No
  • Tax Year: 2023
  • Tax Annual Amount: $7,130
  • Parcel Number: 197302216024
Property
Lot Information
  • Lot Improvements: Corner Lot, Level
  • Lot Size Area: 6,011.00
  • Lot Size Units: Square Feet
  • Has Irrigation Water Rights: No
  • Has Improvements: No
Property and Assessments
  • Total Finished Area Source: Assessor
  • Total Finished Area Units: Square Feet
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Location Description 2: No
  • Pano Url Position: 1
  • Are Ditches Active: No
  • Security Features: Smoke Detector(s)
  • New Construction YN: No
  • Property Styles: 2
  • Levels: Two
  • Home Warranty YN: No
Utilities
  • Cooling: Yes
  • Utilities 1: No
  • Electric: Electric
  • Gas: Natural Gas
  • Sewer: City Sewer
  • Heating YN: Yes
Interior and Exterior Features
Interior Features
  • ViewYN: No
  • Laundry Features: Common Area
  • Spa YN: No
  • Fireplaces 1: None
Multi Family
Multi-Family Information
  • Unit 1's Number of Bedrooms: 1
  • Unit 1's Number of Baths: 1.00
  • Number of 1 bedroom units: 7
  • Number of units in Unit 1: 7
  • Unit 1's Estimated Square Feet: 600
  • Unit 2's Number of Bedrooms: 0
  • Unit 2's Number of Baths: 1.00
  • Number of units in Unit 2: 1
  • Unit 2's Estimated Square Feet: 575
Rental
Rental Information
  • Rent Unit 1: $1,225.00
  • Rent Unit 2: $1,150.00
  • Lease Sq Ft Unit: Square Feet
  • Total Actual Rent: $2,375.00
  • Horse YN: No

Property History for 1391 Lima Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1391 Lima Street

Taxable ValueLand-Additions-Total-
Tax Record2023$7,130 ($594 / month)
Home Facts
Total Finished SqFt2,660 SqFtAbove Grade Finished SqFt2,660 SqFtStories2Lot Size6,011 SqFtStyleMulti-Family Res (5+ Units)Year Built1965CountyARAPAHOEAPN1973-02-2-16-024

Schools near 1391 Lima Street

This home is within Adams-Arapahoe 28j School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 12
Public - 6 to 12
Charter - K to 8
Rating
School
Distance
Kenton Elementary School
PublicPK to 5

Aurora Central High School
PublicPK to 12

Aurora West College Preparatory Academy
Public6 to 12

Vega Collegiate Academy
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

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1391 Lima Street is a multi-family home for sale in Aurora, CO 80010. This property was listed for sale on September 30, 2024 by RE/MAX Alliance-Boulder, it's currently listed at $1,398,000. It has been on the market for a total of 47 days and was last sold on May 7, 2021. This listing's school district is Adams-Arapahoe 28j School District. Nearby schools include Kenton Elementary School, Aurora Central High School and Aurora West College Preparatory Academy. 1391 Lima Street is a 1-bed, 2-bath, 5,320 sqft multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Alliance-Boulder, Valerie Cannistraro; RE/MAX Alliance-Boulder, BoulderHomeSource

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.