Duplex for sale with 2, 2 bed/1 bath units for $480k! Also for sale next door is a 5 unit at 1440 Lima St for $1mil! Possible development play, rental play, house hacking play, lots of potential! City of Aurora Section 8 for a 2 bed is currently $2200/month per unit, and after utilities paid, would still pencil out an 8% cap rate with no property management. The units will need some reconfiguring to turn back into 2, 2 bed units. The current owner has been living there and made it work for their lifestyle by connecting both units together. The development play would involve buying the 5 plex next door and working with the City of Aurora to rezone. (Sellers property disclosure and the City of Aurora's Section 8 allowances in documents attached.)
Offered By
Alexander Saldana alex@reframingrealestate.com,303-552-4804, Denver Property Team
Utility FeaturesNatural Gas Available, Electricity Available
SEWERCity Sewer, Public Sewer
WATER SOURCECity Water
Year Built1952
BasementCrawl Space
ARCHITECTURAL STYLERanch
RoofFiberglass
EXTERIOR FEATURESPrivate Yard
FenceFenced
Garage spaces4
Other StructuresOutbuildings
CITYAurora
SUBDIVISIONZurchers Sub
COUNTYArapahoe
AREAMetro Denver
STATECO
SENIOR COMMUNITYNo
TAX AMOUNT1962.0
LATEST UPDATE2024-11-14T15:54:52.724Z
DAYS ON MARKET1
PRICE CHANGE(S)
$480,000 Nov 14, 2024
Market Trends
New Properties On Market
24
85%
Increase In New Listings
Average Asking Price
$459,782
$70,098 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$270
$38 Decrease In List Price/Sq. Ft.
Average Days On Market
22
16 Day
Decrease In Days On Market
Data as of Nov 19, 2024.
Remaining statistics above are calculated on activity within the period from Sep 01, 2024 to Oct 31, 2024.
Mortgage Calculator
The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The values and figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. This calculator does not have the ability to pre-qualify you for any mortgage or loan program. Qualification for mortgages or loans requires additional information such as credit scores and existing debts which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. All information such as interest rates, taxes, insurance, monthly mortgage payments, etc. are estimates and should be used for comparison only.