1448-1458 Iola St, Aurora, CO 80010
6 Unit Apartment Building | $1,600,000 ($266,667/Unit) | 5.82% Cap Rate | Aurora, CO 80010
For Sale
Active
Asking Price $1,600,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Multifamily
- Square Feet
- 4,304 SF
Listing Contacts
Chris Mitton
Property Overview
Explore this exceptional investment package featuring three separate duplexes, each a reliable source of cash flow. The property boasts six spacious 2-bedroom, 1-bath units with established long-term tenants. Inside, recent upgrades include new countertops, cabinetry, paint, and appliances. Outside, tenants enjoy private patios and a sizable yard, along with seven off-street parking spaces. What sets this opportunity apart is the potential for further development—a three-story addition could enhance both cash flow and property value, offering flexibility for retail, residential, or a combination of both. Additionally, each duplex can be purchased separately, providing investors with even more options for customization and portfolio diversification. It's not just an investment; it's a practical step towards future growth.
Property Details
- Class
- C
- Year Built/Renovated
- 1942/2020
- Stories
- 1
- Lot Size (sq. ft)
- 12,632 SF
- Units
- 6
Highlights
- Generously sized and renovated 2 Bed/1 Bath Units
- Unlock the potential of this prime development opportunity!
- Newly installed features, including a pristine roof and sleek gutters, ensuring both style and functionality for years to come
- Separately metered electric charged to the tenant
- Private patios for grilling or gardening
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