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31442911
31442926

1231 Akron St, Aurora, CO 80010 For Sale

JP
CO 100021375
West Peak Properties
Listed by West Peak Properties
$449,500
108 days on market
Updated 15 days ago

1231 Akron St Duplex

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,846
Units 2
Cap Rate 6.97%
NOI $31,344
Occupancy 50%
Price per SqFt $244
Broker Co-Op Yes
Class B
Year Built 1960
Buildings 1
Stories 1
Lot Size (SqFt) 6,578
Parking Spaces 4 spaces
Parking per 1,000 SqFt 2.17
Ownership LLC
Sale Condition N/A

Live in one unit and rent the other or rent both!

Marketing description

Huge price reduction on this value-add Duplex Opportunity Near Lowry – Ideal for Owner-Occupants or Investors! This property is eligible for a buyer credit of 1.5% of the loan amount which can be used towards closing costs or to buy down the interest rate.

Fantastic opportunity to own a well-located duplex at 1231 Akron St in Aurora, just minutes from the vibrant Lowry redevelopment. Enjoy close proximity to popular destinations including Lowry Beer Garden, Big Bear Ice Arena, Great Lawn Park, and Common Ground Golf Course. Also conveniently located near major employment centers of UC Health and Anschutz Medical Campus, home to UCHealth Hospital and Children's Hospital.

This 1,846 square foot duplex features two 2-bedroom, 1-bath units, each with its own in-unit laundry room. The front unit is vacant, presenting an excellent opportunity for an owner-occupant to live in one unit while offsetting expenses by renting the other, or for an investor to lease at current market rates. The front unit also features updated flooring.

The back unit is tenant-occupied and includes a fenced backyard, alley access, and off-street parking for two vehicles. This unit has been updated with fresh paint, newer flooring and new kitchen cabinets.

Investment highlights

Near medical campus employment centers. Near Lowry redevelopment. Easy access to Denver.

Listing Contacts

JP
CO 100021375
West Peak Properties
Listed by West Peak Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$31,344.00
$2,612.00/mo

Valuation Metrics

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DSCR
6.97%
Cap Rate
6.97%
ROI

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