1408 Lima Street
Aurora, CO 80010
1714 sqft | 4 beds | 2 baths | 0.18 acres | #2000119
Description
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.)
Property Details
- Utility FeaturesElectricity Connected, Natural Gas Connected
- Property SubtypeSingle Family Residence
- School DistrictAdams-Arapahoe 28J
- High SchoolAurora Central
- Exterior MaterialsPrivate Yard
- Sewer InformationPublic Sewer
- SubdivisionZurchers Sub
- BasementCrawl Space
- Middle SchoolAurora West
- Property TypePurchase
- CountyArapahoe
- Original List Price$480,000
- MLS #2000119
- MLS #2000119
- Utility SourcePublic
- Elementary SchoolKenton
- Taxes Annual$1,962
- Cost475000
- Structure TypeDuplex
- Acres0.18
- Square Feet1714
- Year Built1952
- Bedrooms4
- Bathrooms2
- Full Baths2
Location
Legal
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Listing Courtesy
Listing Agent: Alexander Saldana (#REC042865)
Listing Office: Denver Property Team (#RECM3513)
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