NOT LISTED FOR SALE
8 Beds
4 Baths
3,512 Sq Ft
1985 Built

Last Sold December 21, 2022

Last sale price $1,100,000 $313 Per Sq Ft

Highlights

  • 4 Car Attached Garage
  • Evaporated cooling system
  • School of Choice Available
  • Forced Air Heating System
  • Wood Siding

About This Home

As of December 2022

NEWLY remodeled multifamily quadplex with 4 garages located in Southeast Aurora. Turn-Key, 6% Cap Rate! Includes
four, 2-bedroom, condo-like units with attached garages and front loader washer/dryer in units with back patios. Two
units are 100% newly remodeled to include luxury vinyl plank flooring, granite countertops, stainless steel LG appliances,
NEW bathrooms, and new interior paint. The other two units have also been updated with new carpet, paint, and
appliances with Strong Rents! The property has been well maintained. Each unit has a dedicated attached single-car
garage and additional off-street parking on a very large parking driveway. There is a utility chargeback to tenants to cover
water, sewer, and trash. Multifamily properties are RARE in this neighborhood and subdivision. Take advantage of this
excellent investment opportunity! Across from Buckley Space Force Base (Formally Buckley Air Force Base) and quick
access to the highway towards Downtown, Denver Tech Center, and the Aurora Mall and Shopping Centers. Visit:
https://www.michelledirect.com/listings/892suravancourt/ for more details.

Last Listed By

Michelle Glass

Keller Williams Realty Urban Elite License #100038971 Listed on: 12/21/2022

Keller Williams Realty Urban Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,610

Year Built

  • Built in 1985 | Remodeled

Parking

  • 4 Car Attached Garage
  • 4 Off-Street Spaces

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,512 Sq Ft Home
  • 2-Story Property
  • Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Schools

  • Iowa Elementary School
  • Mrachek Middle School
  • Gateway High School
  • School of Choice Available

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Separate Meters

Community Details

  • Village Four Plexes Sub 1St Flg Subdivision
  • Operating Expense $15,142

Listing and Financial Details

  • Exclusions: Tenant's personal property.
  • Tenant pays for cable TV, electricity, internet, trash collection, water
  • The owner pays for trash collection, water
  • Assessor Parcel Number 032583444

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,610

Year Built

Built in 1985 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadplex
  • Structure Type: Quadruplex
  • Levels: Two
  • Above Grade Price per Sq Ft: 313.21
  • Finished Price per Sq Ft: 313.21
  • Total Price per Sq Ft: 313.21
  • School Of Choice Yn: Yes
  • Year Built: 1985
  • Above Grade Finished Sq Ft: 3512.00
  • Actual Annual Net Income: 69610.00
  • Cap Rate Calculation: Net Operating Income / List Price
  • Exclusions: Tenant's personal property.
  • Living Area: 3512.00
  • Offstreet Spaces: 4
  • Projected Annual Expense: 15886.00
  • Projected Annual Net Income: 74778.00
  • Projected Gross Income: 93200.00
  • Submitted Prospect: Yes
  • Utility Metering: Separate Electric
  • Property Condition: Updated/Remodeled
  • SubdivisionName: Village Four-Plexes Sub 1st Flg
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: Yes
  • Total Bedrooms: 8

Exterior Features

  • Roof: Composition
  • Construction Materials: Concrete, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Evaporative Cooling
  • Heating: Forced Air
  • Water Source: Public

Fee Information

  • Operating Expense: 15142.00

Schools

  • School District: Adams-Arapahoe 28J
  • Elementary School: Iowa
  • Middle School: Mrachek
  • High School: Gateway
  • Middle Or Junior School: Mrachek

Lot Info

  • Parcel Number: 032583444
  • Building Area Total: 3512.00

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Internet, Trash Collection, Water

Multi Family

  • Unit Count: 4
  • Utility Billing to Tenants: Direct Billing from Utility, Separate Bill from Owner

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4610.00

MLS Schools

  • Elementary School: Iowa
  • High School: Gateway

Range of Values:

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Average Value
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List Price
Sold Price
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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
12/21/2022 12/21/22 Sold $1,100,000 0.0% $313 / Sq Ft
12/21/2022 12/21/22 Pending -- -- --
12/21/2022 12/21/22 For Sale $1,100,000 0.0% $313 / Sq Ft
08/21/2022 08/21/22 Rented $1,700 -2.9% --
07/19/2022 07/19/22 For Rent $1,750 0.0% --
09/10/2021 09/10/21 Sold $850,000 -5.6% $242 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $900,000 -- $256 / 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: 2810366

REcolorado®

APN: 1975-16-4-31-010