$541,667
SOLD APR 30, 2024
4 Beds
4 Baths
2,130 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$254 Per Sq Ft

13% Below List Price

Highlights

  • No Units Above
  • 1-Story Property
  • Ceiling Fan
  • No HOA
  • Central Air
  • 3-minute walk to Fletcher Park

About This Home

As of April 2024

** UNIQUE INVESTMENT OPPORTUNITY TO PURCHASE 1 QUADRAPLEX OR ALL 3 THAT ARE SIDE BY SIDE!!** 1183 AkronSt, 1193 Akron St, 8960 E 12th Ave. This property offers four separate units; each featuring 1 bedroom and 1 bathroom,ideal for long-term tenants seeking comfortable living spaces. This building also has a laundry room at the end of it with exterior access. This is an awesome opportunity for a newer investor, or a seasoned investor looking to build their portfolio! Key features of this property include: - Newer roof - Sewer lines just cleaned - Convenient laundry room located on the premises for tenant use. - Ample parking available at the rear of the units and plenty of street parking, providing hassle-free accommodation for residents. Currently, all units are fully leased to long-term tenants, offering immediate income generation for the savvy investor. Additionally, there is significant potential for future appreciation, with a 53-unit townhome development underway just a couple of blocks away, promising increased property values in the near future.This presents a unique opportunity for investors interested in purchasing either a single quadraplex or all three adjacent units, with the potential for a SUBSTANTIAL discount for those acquiring multiple properties. All units are priced below market value, making this an attractive proposition for investors seeking value and growth. Currently units are leased below market value as the seller has not increased rent in years and most tenants have been there for many years (and would like to continue to do so).

Last Agent to Sell the Property

Audri Marrs

Marrs Realty and Management License #100073041 Listed on: 03/29/2024

Last Buyer's Agent

Ben Andrus

New Western Acquisitions License #100084585

New Western Acquisitions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,277

Year Built

  • Built in 1955

Lot Details

  • 9,583 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,130 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laminate Flooring

Kitchen

  • Oven
  • Dishwasher
  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Paved Parking

Schools

  • Boston K-8 Elementary And Middle School
  • Aurora Central High School

Utilities

  • Central Air
  • Wall Furnace

Listing and Financial Details

  • Exclusions: Tenant's personal property
  • Property held in a trust
  • Assessor Parcel Number 031101310

Community Details

Overview

  • No Home Owners Association
  • Old Aurora Subdivision

Amenities

  • Courtyard
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,277

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: One
  • Year Built: 1955
  • Above Grade Finished Sq Ft: 2130
  • Entry Location: Courtyard
  • Exclusions: Tenant's personal property
  • Living Area: 2130
  • SubdivisionName: Old Aurora
  • Ownership: Corporation/Trust
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: PublicRecords
  • REC_RVSpaces: 0
  • Ratio Close Price By Original Li: 0.86667
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s), Laminate Counters
  • Flooring: Laminate
  • Common Walls: No One Above, No One Below, 2+ Common Walls
  • Basement: No
  • Total Bedrooms: 4

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick, Stucco, Wood Siding

Garage/Parking

  • Parking Features: Concrete
  • Attached Garage: No
  • Total Parking Spaces: 3
  • REC_ParkingCount: 1

Utilities

  • Utilities: Electricity Available
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Wall Furnace
  • Water Source: Public
  • Laundry Features: Common Area

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Boston K-8

Lot Info

  • Parcel Number: 031101310
  • Lot Size Acres: 0.22
  • Building Area Total: 2130
  • Lot Size Sq Ft: 9583.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3277

MLS Schools

  • Elementary School: Boston K-8
  • High School: Aurora Central

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Range of Values:

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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 Change Sq Ft Price
07/27/2025 07/27/25 Price Changed $588,900 0.0% $276 / Sq Ft
07/08/2025 07/08/25 For Rent $1,200 0.0% --
05/24/2025 05/24/25 Price Changed $589,000 -0.2% $277 / Sq Ft
08/19/2024 08/19/24 Price Changed $590,000 -1.7% $277 / Sq Ft
08/14/2024 08/14/24 For Sale $600,000 0.0% $282 / Sq Ft
08/14/2024 08/14/24 Off Market $600,000 -- --
08/01/2024 08/01/24 Price Changed $600,000 -0.8% $282 / Sq Ft
08/01/2024 08/01/24 Price Changed $605,000 -0.7% $284 / Sq Ft
07/05/2024 07/05/24 Price Changed $609,000 -0.1% $286 / Sq Ft
06/28/2024 06/28/24 Price Changed $609,500 -0.1% $286 / Sq Ft
05/13/2024 05/13/24 For Sale $610,000 +12.6% $286 / Sq Ft
04/30/2024 04/30/24 Sold $541,667 -13.3% $254 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/30/2024 04/30/24 For Sale $625,000 -- $293 / Sq Ft
Source: REcolorado®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: REcolorado®

MLS Number: 5444272

REcolorado®

APN: 1973-03-2-24-011