$1,020,000
$1,050,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
6 Baths
4,984 SqFt
SOLD DATE : 11/07/2023
Key Details
Sold Price $1,020,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,984 sqft
Price per Sqft $204
Subdivision Lyn Acres #1
MLS Listing ID 6079271
Sold Date 11/07/23
Style Mid-Century Modern
Bedrooms 9
HOA Y/N No
Originating Board recolorado
Year Built 1972
Annual Tax Amount $3,892
Tax Year 2022
Lot Size 0.260 Acres
Acres 0.26
Property Description
Introducing an exceptional investment opportunity in Aurora, Colorado! This triplex offers an array of enticing features and benefits for astute investors seeking steady income and potential capital appreciation. Situated in close proximity to the renowned Anschutz Campus, this property guarantees a favorable location for attracting tenants and ensuring a high demand for housing.
With post-renovation stabilized rents projected at $2,500 per month, this triplex provides a secure and reliable rental income stream. Two of the units are currently rented, providing an immediate and guaranteed return on investment. Furthermore, the third unit has undergone extensive renovations and is now ready to welcome a tenant at a projected market rent of $2,500, amplifying the potential for increased profitability.
Each unit within this triplex features a spacious layout encompassing three bedrooms and two bathrooms, ideal for accommodating families and professionals seeking ample living space. The mid-century architecture with brick accents exudes a timeless appeal, combining aesthetics with functionality. Additionally, the property boasts outdoor space and convenient parking, enhancing the overall desirability for tenants.
Recently painted and landscaped, the exterior of the triplex exudes a fresh and welcoming ambiance, further increasing its curb appeal. This investment opportunity showcases remarkable potential for a strong cap rate when rented at market rates, currently estimated at 6.6 percent.
Don't miss out on this incredible chance to invest in a thriving market. Aurora, Colorado presents a promising real estate landscape, and this triplex is perfectly positioned to capitalize on the region's growth. Act now and seize the potential for long-term financial success and stability. Contact us today to explore this remarkable opportunity further!
Location
State CO
County Arapahoe
Rooms
Basement Finished
Interior
Interior Features Laminate Counters
Heating Forced Air
Cooling Central Air, None
Flooring Carpet, Laminate, Tile
Fireplace N
Appliance Dishwasher, Oven, Refrigerator
Exterior
Roof Type Composition
Total Parking Spaces 6
Garage No
Building
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Lansing
Middle Schools South
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional, Jumbo, Other
Listing Terms 1031 Exchange, Cash, Conventional, Jumbo, Other
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with PMG Realty
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