$645,000
- 6 Beds
- 3 Baths
- 2,344 Sq Ft
- 1450 Elmira St
- Aurora, CO
Turn key income producing property with solid tenants in place. Units recently updated, brand new roof December 2024.
Brett Zuckerman Madison & Company Properties
1460 Elmira St Aurora, CO 80010
Del Mar Parkway NeighborhoodEstimated Value: $603,000 - $643,000
6
Beds
3
Baths
2,344
Sq Ft
$267/Sq Ft
Est. Value
Highlights
- No HOA
- Forced Air Heating System
- Property is Fully Fenced
- 1-Story Property
About This Home
As of December 2023TRIPLEX INCOME INVESTMENT PROPERTY (3 units, each with 2-bed 1-bath)
All three (2-bed, 1-bath) units are occupied, providing immediate rental income. Their leases are month-to-month, affording flexibility to the new property owner. While their current rates are below-market for the area there is great upside potential. [For market comparison, the matching triplex to the north, which was updated in the past few years are currently renting for about $1500/month each]
Located off of Del Mar Parkway and Colfax Avenue by Fletcher Plaza, this triplex is blocks from to numerous restaurants, shops, and grocery stores, including Walmart Neighborhood Market. The Library is across the street. Just minutes away are the Stanley Marketplace, Fitzsimons Medical Center, and I-225. As for schools, Dayton Elementary School and Aurora West College Preparatory Middle School are only two-blocks away.
Each residence is of identical layout and sit side-by-side and are staggered slightly allowing for natural light to pour into the units from all four sides —even the middle unit! The floor plans have a smart layout and feature a bright entry way, a large L-shaped open living room and dining area. Off of the spacious kitchen is a separate laundry area that has room for additional storage or pantry items. The two bedrooms, bathroom and utility closet are accessed from the back hall. The property was updated in 2006 and improvements at the time included new kitchen cabinetry, counter tops and flooring throughout. This brick building is solid. The roof was replaced eight years ago. This property has ‘good bones', so to speak.
This opportunity will appeal to both new and seasoned investors looking for steady long term income. Newer investors may consider living in one unit and leasing the other two, offsetting the mortgage and building equity.
Last Agent to Sell the Property
Keller Williams Realty Urban Elite Brokerage Email: john-sylvestre@kw.com,303-949-4363 License #100091223 Listed on: 09/22/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,675
Year Built
- Built in 1952
Lot Details
- 7,144 Sq Ft Lot
- Property is Fully Fenced
Parking
- 2 Parking Spaces
Home Design
- Triplex
- Brick Exterior Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,344 Sq Ft Home
- 1-Story Property
- Crawl Space
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Schools
- Kenton Elementary School
- Aurora West Middle School
- Aurora Central High School
Utilities
- No Cooling
- Forced Air Heating System
- 220 Volts
- 110 Volts
Community Details
- No Home Owners Association
- Del Mar Amd Subdivision
Listing and Financial Details
- Exclusions: Washer/Dryer, Tenants personal property, window Air Conditioner units.
- Tenant pays for electricity, gas
- The owner pays for exterior maintenance, insurance, taxes, trash collection, water
- Assessor Parcel Number 031091993
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 22, 2023
Closed on
Dec 27, 2023
Sold by
Martin Adrian J and Martin Christine S
Bought by
Martin Christopher J
Seller's Agent
John Sylvestre
Keller Williams Realty Urban Elite
Buyer's Agent
Cindy Waltemath
Turn Key Homes LLC
List Price
$635,000
Sold Price
$595,000
Premium/Discount to List
-$40,000
-6.3%
Total Days on Market
55
Views
281
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,150
Avg. Annual Appreciation
3.44%
Original Mortgage
$565,250
Outstanding Balance
$558,598
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$66,552
Purchase Details
Closed on
Nov 20, 2006
Sold by
U S Bank Na
Bought by
Martin Adrian J and Martin Christine S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 11, 2005
Sold by
Ulibarri Cecilia D
Bought by
Hutt Adrian
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 21, 1999
Sold by
Fletcher Patricia J
Bought by
Mcknight Tyrone
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,900
Interest Rate
10.62%
Purchase Details
Closed on
Jan 30, 1998
Sold by
Mckinney James H and Mckinney Nannie L
Bought by
Fletcher Patricia J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,250
Interest Rate
11.5%
Purchase Details
Closed on
Oct 30, 1992
Sold by
Ellen Debacke Mary
Bought by
Mckinney James H Mckinney Nannie L
Purchase Details
Closed on
Oct 27, 1992
Sold by
Guyette Robert D and Sorensen Karen
Bought by
Ellen Debacke Mary
Purchase Details
Closed on
Dec 4, 1990
Sold by
Conversion Arapco
Bought by
Guyette Robert D and Sorensen Karen
Purchase Details
Closed on
Jul 4, 1776
Bought by
Conversion Arapco
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Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Martin Christopher J | $595,000 | Fidelity National Title | |
| Martin Adrian J | $240,000 | Fahtco | |
| Hutt Adrian | $305,000 | Title America | |
| Mcknight Tyrone | $181,000 | -- | |
| Fletcher Patricia J | $65,000 | -- | |
| Mckinney James H Mckinney Nannie L | -- | -- | |
| Ellen Debacke Mary | -- | -- | |
| Guyette Robert D | -- | -- | |
| Conversion Arapco | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Martin Christopher J | $565,250 | |
| Previous Owner | Martin Christine S | $322,000 | |
| Previous Owner | Martin Adrian J | $169,000 | |
| Previous Owner | Martin Adrian J | $175,000 | |
| Previous Owner | Martin Adrian J | $192,000 | |
| Previous Owner | Hutt Adrian | $244,000 | |
| Previous Owner | Mcknight Tyrone | $203,150 | |
| Previous Owner | Mcknight Tyrone | $162,900 | |
| Previous Owner | Fletcher Patricia J | $42,250 | |
| Closed | Mcknight Tyrone | $9,050 | |
| Closed | Hutt Adrian | $45,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/27/2023 12/27/23 | Sold | $595,000 | 0.0% | $254 / Sq Ft |
| 11/03/2023 11/03/23 | Price Changed | $595,000 | -6.3% | $254 / Sq Ft |
| 09/22/2023 09/22/23 | For Sale | $635,000 | -- | $271 / Sq Ft |
Source: REcolorado®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $3,674 | $39,531 | -- | -- |
| 2023 | $3,674 | $39,531 | $0 | $0 |
| 2022 | $3,675 | $36,598 | $0 | $0 |
| 2021 | $3,877 | $36,598 | $0 | $0 |
| 2020 | $3,113 | $29,894 | $0 | $0 |
| 2019 | $3,096 | $29,894 | $0 | $0 |
| 2018 | $2,290 | $21,658 | $0 | $0 |
| 2017 | $1,992 | $21,658 | $0 | $0 |
| 2016 | $1,553 | $16,525 | $0 | $0 |
| 2015 | $1,499 | $16,525 | $0 | $0 |
| 2014 | $1,495 | $15,880 | $0 | $0 |
| 2013 | -- | $12,770 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
John Sylvestre
J
Seller's Agent in 2023
John Sylvestre
Keller Williams Realty Urban Elite
(303) 949-4363
1 in this area
11 Total Sales
-
Cindy Waltemath
Buyer's Agent in 2023
Cindy Waltemath
Turn Key Homes LLC
(303) 598-5399
2 in this area
123 Total Sales
Map
Source: REcolorado®
MLS Number: 7759116
APN: 1973-03-1-05-015
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