1183-1193 Akron Street Aurora, CO $ 1,220,000
1183-1193 Akron Street
$ 1,220,000
Share Save

1183-1193 Akron Street

Aurora, CO, 80010
$ 1,220,000
Baths0.0 Sq 4,393

Monthly Estimate*

$ 8,108

Listed by MODestate
1183-1193 Akron Street, Aurora, CO 80010 - Image 1
1183-1193 Akron Street, Aurora, CO 80010 - Image 2
1183-1193 Akron Street, Aurora, CO 80010 - Image 3
1183-1193 Akron Street, Aurora, CO 80010 - Image 4
1183-1193 Akron Street, Aurora, CO 80010 - Image 5
1183-1193 Akron Street, Aurora, CO 80010 - Image 6
1183-1193 Akron Street, Aurora, CO 80010 - Image 7
1183-1193 Akron Street, Aurora, CO 80010 - Image 8
1183-1193 Akron Street, Aurora, CO 80010 - Image 9
1183-1193 Akron Street, Aurora, CO 80010 - Image 10
1183-1193 Akron Street, Aurora, CO 80010 - Image 11
1183-1193 Akron Street, Aurora, CO 80010 - Image 12
1183-1193 Akron Street, Aurora, CO 80010 - Image 13
1183-1193 Akron Street, Aurora, CO 80010 - Image 14
Studio

Commercial Property for sale in Aurora, CO

for $1,220,000. This 4,393 square foot building was built in 1955 on a lot size of 0.6.

Rare value-add opportunity for a currently cash flowing investment property in the Denver Metro! These are two fully occupied cash-flowing 4plexes for $610k each that are right next to each other. One building has one 2bed/1bath & three 1bed/1 bath units and the other 4plex has four 1bed/1bath units with a common area laundry for potential additional laundry income. Here's where the value-add comes into play: currently rents are averaging about $850 in the Denver metro which is unheard of. Market rents exceed $1100-1200/month for 1-bedroom and $1300-1400/month for the 2-bedroom unit. Will update as year leases expire and are renewed at a higher rate. Conveniently located with strong rental demand, these properties offer steady income potential. Must purchase both properties: 1183 Akron St & 1193 Akron St. Act fast to capitalize on serious value-add potential!

See more

Commercial Active

Price

$ 1,220,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,000

Style

Contemporary

Lot Size

0.6

Year Built

1955

Town/City

Aurora

County/Region

Arapahoe

MLS | Web ID

6566852

Features
General
Sewer Public Sewer
Possession Closing/DOD
Roof Composition
Garage Spaces 0
Architectural Style Contemporary
Construction Materials Frame
Exclusions Tenants' personal property
Year Built 1955
Tenant Pays Electricity Gas Internet Telephone
Property SubType Multi-Family
Tax Year 2022
Current Use Residential
Gross Income 79512
County Arapahoe
Operating Expense 25920
Property Type Commercial Sale
Attached Garage N
Status Active
Directions Use GPS
City Aurora
Buyer Agent Compensation 2.0
NumberOfUnitsTotal 8
Lot Size Units Acres
Lot Size Square Feet 26136
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 10000
Leasable Area 4393
Lease Considered Y/N N
Structure Type Free Standing
Standard Status Active
Occupancy Type Tenant (Multiple)
Cap Rate 8.6
Buyer Agent Compensation Type %
See more
Exterior
Total Parking 12
Lot Size Area 0.6
Building Area Total 4393
Lot Size Acres 0.6
Road Surface Type Paved
Road Frontage Type Public
Road Responsibility Public Maintained Road
See more
Internal Only
Street Number 1 1183
See more
* Excluded Features
List By
Modestate

Broker

(303) 250-5090

Phone

Affordability Calculator

$8,942
Per Month
91%
9%
0%
Monthly Principal & Interest
$8,108
Monthly Property Taxes
$833
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/7/2024$1,220,000 -32.22% Price Down
5/13/2024$1,800,000 Listed Price

Map


See all

1183-1193 Akron Street, Aurora, CO, 80010 is a Commercial Property for sale at $1,220,000 with 4,393 sqft and a lot size of 0.6. 1183-1193 Akron Street is a studio with 0.0 baths and was built in 1955. The property's zip code is 80010 which is in Aurora, CO