Listing Courtesy of: alex@reframingrealestate.com,303-552-4804 - Alexander Saldana - Denver Property Team
720-252-6888
$480,000
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1408 Lima Street Aurora, CO 80010
Single Family
Residence
4
Beds
2
Baths
1,714
Sq. Ft.
0.18
Acre
Lot
Property Activity
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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.)
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MLS#
2000119
Property Type
Single Family
Status
Bedrooms
4
Bathrooms
2 Full
Year Built
1952
Square Feet
1,714
sq. ft
Lot Size
0.18
Stories
1.0
Sewer
Public Sewer
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