1408 Lima Street
$480,000
4
2
1,714
1,714
$280
Description
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...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.)
- Listed by Alexander Saldana • Denver Property Team • alex@reframingrealestate.com,303-552-4804
Property Details for 1408 Lima Street
Structure Type
Duplex
Architectural StyleDuplex
LevelsOne
Stories1
Subdivision NameZurchers Sub
AssociationNo
BasementNo
LISTING UPDATED: 11/14/2024 09:40 AM
Property Details for 1408 Lima Street
Status | Active |
---|---|
MLS # | 7091909 |
Days on Compass | 2 |
Taxes | $1,962 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1952 |
Lot Size | 0.18 AC / 7,667 SF |
County | Arapahoe County |
Building Information for 1408 Lima Street
Stories-Residences-Year Built1952Building Size-Lot Size0.18 AC / 7,667 SF
Property Information for 1408 Lima Street
Public Records for 1408 Lima Street
Taxable ValueLand-Additions-Total-
Tax Record2023$1,962 ($163 / month)
Home Facts
Total Finished SqFt1,714 SqFtAbove Grade Finished SqFt1,714 SqFtStories1Lot Size7,667 SqFtStyleDuplexYear Built1952CountyARAPAHOEAPN1973-02-1-07-003
Schools near 1408 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.
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