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Key Details
Sold Price $780,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 9773278
Sold Date 07/15/25
HOA Y/N No
Year Built 1956
Lot Size 8,799 Sqft
Acres 0.2
Property Sub-Type Multi Family
Property Description
So many options on this multifamily! Currently 5 units, 4, 1 bed units and 1, 2 bed unit, with a basement at the end of the building not currently being utilized. Option to make the basement a part of the 2 bed unit making it into a 4 bed, or, create a whole new unit as it has it's own entrance into the basement, making it a 6 unit. Currently under rented at $1300/unit. If you turn into section 8, Aurora is at $1800/1 bed unit/month and $3225/4 bed unit with converting the basement. Current cap rate at a $900k purchase price is over 6%. (Docs attached for the City of Aurora's Section 8 allowances.) All units are on month to month verbal leases.
Location
State CO
County Arapahoe
Zoning APT 4-8
Exterior
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Sewer Connected
Waterfront Description Public
Roof Type Shingle
Private Pool No
Building
Lot Description Near Public Transit
Sewer Public Sewer
Water Public
Others
Tax ID 031071682
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