NOT LISTED FOR SALE
8 Beds
4 Baths
3,692 Sq Ft
18,295 Sq Ft Lot

Last Sold May 03, 2023

Last sale price $1,025,000 $278 Per Sq Ft

23 Days on Market

Highlights

  • Corner Lot
  • Accessible Approach with Ramp
  • 1-Story Property
  • Eat-In Kitchen
  • Tile Flooring
  • Forced Air Heating System

About This Home

As of May 2023

*******HARD TO FIND IN RESIDENTIAL PROPERTIES....2 DUPLEXES ON 1 LEGAL LOT!!!*******
Long time tenants in this property that has 4 units in total and each unit is 923 sq ft with 2 bedrooms, 1 full bath.

Each unit has washer/dryer hookups, its own furnace & hot water heater...seperately metered except for water.
Each building has its own water line so 2 units split water bill per building.

New Main Sewer lines installed in 2020, 3 units were remodeled in past 6 years, 1 new furnace(2021) and roof is in good shape!

This could be a Primary residence buyer that has 3 other units to help them quallify for loan or Investor property as it is now.
This is a beautiful investment property that has been taken care of by the Seller and has excellent tenants in place!

Last Agent to Sell the Property

Jeff Coutts

Coutts & Company Realty License #40037678 Listed on: 03/08/2023

Coutts & Company Realty

Last Buyer's Agent

Jamie Mitchell

Pinnacle Real Estate Advisors License #100023002

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,916

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 0.42 Acre Lot
  • 1 Common Wall
  • Northwest Facing Home
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Front Yard Sprinklers

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,692 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Range Hood
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Off-Street Spaces
  • Driveway
  • Paved Parking

Accessible Home Design

  • Accessible Approach with Ramp

Schools

  • Lansing Elementary School
  • South Middle School
  • Aurora Central High School

Utilities

  • Mini Split Air Conditioners
  • Forced Air Heating System
  • Separate Meters
  • 110 Volts
  • Natural Gas Connected
  • Shared Water Meter
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • Aurora Central North Subdivision
  • Operating Expense $10,000

Listing and Financial Details

  • Exclusions: Tenants personal property.
  • Tenant pays for cable TV, electricity, gas, internet, telephone, water
  • The owner pays for exterior maintenance, grounds care, insurance, trash collection
  • Assessor Parcel Number 031122945

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,916

Year Built

Built in 1962 | Remodeled

Lot Details

0.42 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: One
  • Above Grade Price per Sq Ft: 277.63
  • Finished Price per Sq Ft: 277.63
  • Total Price per Sq Ft: 277.63
  • Year Built: 1962
  • Above Grade Finished Sq Ft: 3692.00
  • Accessibility Features: Accessible Approach with Ramp
  • Actual Annual Net Income: 64880.00
  • Cap Rate Calculation: 64880/1099000=5.9%
  • Exclusions: Tenants personal property.
  • Living Area: 3692.00
  • Offstreet Spaces: 4
  • P P A: 2440476.19
  • Projected Annual Expense: 10000.00
  • Projected Annual Net Income: 68880.00
  • Projected Gross Income: 78880.00
  • Utility Metering: Common Water, Separate Electric, Separate Gas
  • Property Condition: Updated/Remodeled
  • Directions: Havana & 4th Way, East to property.
  • SubdivisionName: AURORA CENTRAL NORTH
  • Special Features: None

Interior Features

  • Appliances: Disposal, Gas Water Heater, Range Hood, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Eat-in Kitchen, Laminate Counters, No Stairs
  • Flooring: Carpet, Tile
  • Common Walls: 1 Common Wall
  • Basement: Crawl Space
  • Total Bedrooms: 8

Exterior Features

  • Direction Faces: Northwest
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Construction Materials: Brick, Frame

Garage/Parking

  • Parking Features: Asphalt, Concrete
  • Total Parking Spaces: 8

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available
  • Sewer: Public Sewer
  • Cooling: Air Conditioning-Room
  • Heating: Forced Air
  • Water Source: Public
  • Electric: 110V
  • Laundry Features: In Unit

Fee Information

  • Operating Expense: 10000.00

Schools

  • Middle Or Junior School: South

Lot Info

  • Out Building Count: 1
  • Parcel Number: 031122945
  • Lot Size Acres: 0.42
  • Fencing: Partial
  • Out Building Number Of: 1
  • Building Area Total: 3692.00
  • Lot Features: Corner Lot, Level, Sprinklers In Front
  • Lot Size Sq Ft: 18382.00

Rental Info

  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Trash Collection
  • Tenant Pays: Cable TV, Electricity, Gas, Internet, Telephone, Water

Multi Family

  • Unit Count: 1
  • Utility Billing to Tenants: Direct Billing from Utility

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4916.00

MLS Schools

  • Elementary School: Lansing
  • High School: Aurora Central
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2023 05/03/23 Sold $1,025,000 -6.7% $278 / Sq Ft
03/31/2023 03/31/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $1,099,000 -- $298 / Sq Ft
Source: REcolorado®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,526 $56,250 -- --
2024 $4,390 $47,235 -- --
2023 $4,390 $47,235 $0 $0
2022 $4,916 $48,960 $0 $0
2021 $5,187 $48,960 $0 $0
2020 $5,062 $48,620 $0 $0
2019 $5,035 $48,620 $0 $0
2018 $3,045 $28,800 $0 $0
2017 $2,649 $28,800 $0 $0
2016 $2,440 $25,974 $0 $0
2015 $2,355 $25,974 $0 $0
2014 -- $19,804 $0 $0
2013 -- $20,690 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 6995692

REcolorado®

APN: 1973-11-2-20-010

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