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Home » Real Estate » CO » Aurora » 80010 » 1408 Lima St, Aurora, CO, 80010
$480,000

1408 Lima St, Aurora, CO, 80010

4 Beds
2 Baths
1,714 Square Feet
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

Property Details

Property Type Attached Dwelling
Status Active
Bedrooms 4
Bathrooms (Full) 2
Property Sub Type Attached Dwelling
Square Feet 1,714
MLS # 2000119

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.

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Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES. Property data was last updated on 11/17/2024 at 9:48 am