1440 Lima Street
Aurora, CO 80010
4000 sqft | 0.20 acres | #9773278
Description
So many options on this multifamily! Currently 5 units, 4, 1 bed units and 1, 2 bed unit, with a basement at the end of the building not currently being utilized. Option to make the basement a part of the 2 bed unit making it into a 4 bed, or, create a whole new unit as it has it's own entrance into the basement, making it a 6 unit. Currently under rented at $1300/unit. If you turn into section 8, Aurora is at $1800/1 bed unit/month and $3225/4 bed unit with converting the basement. Current cap rate at a $900k purchase price is over 6%. (Docs attached for the City of Aurora's Section 8 allowances.) All units are on month to month verbal leases.
Property Details
- Utility FeaturesCable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Sewer Connected
- Lot DescriptionNear Public Transit
- Sewer InformationPublic Sewer
- Property SubtypeMulti-Family
- Original List Price$1,000,000
- Property TypePurchase
- CountyArapahoe
- MLS #9773278
- MLS #9773278
- Utility SourcePublic
- Taxes Annual$4,017
- Cost900000
- Square Feet4000
- Year Built1956
- Acres0.2
Location
Legal
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Alexander Saldana (#REC042865)
Listing Office: Denver Property Team (#RECM3513)
Interested in Purchasing 1440 Lima Street?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
