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$ 850,000
Est. payment /mo
Active
1440 Lima ST Aurora, CO 80010
8,799 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 9773278
HOA Y/N No
Originating Board recolorado
Year Built 1956
Annual Tax Amount $4,017
Tax Year 2023
Lot Size 8,799 Sqft
Acres 0.2
Property Sub-Type Multi Family
Property 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.
Location
State CO
County Arapahoe
Zoning APT 4-8
Interior
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Sewer Connected
Roof Type Shingle
Total Parking Spaces 10
Garage No
Building
Lot Description Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://listings.mediamaxphotography.com/1440-Lima-St
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Denver Property Team
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