1183 Akron St Aurora CO 80010

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: current rents are averaging about $900 in the Denver metro which is unheard of. One unit has been renewed at $1,100 and another one will be renewed 11/30 for $1,100 as well. The other two will be renewed on 3/31/25 at $1,100 and $1,400+ for the 2 bed. In current rent-able but dated condition, market rents exceed $1100-1200/month for 1-bedroom and $1400-1500/month for the 2-bedroom unit. 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.